Treasury Stock

London & Associated Properties PLC ("the Company")

On 6 March 2009 the Company issued 21,780 shares from Treasury in order to
cover requirements of the employee Share Incentive Plan (SIP). The Trustee of
the SIP will pay cash of £6,425 to the Company for the shares at 29.5p (being last night's
closing mid-price) from accumulated cash dividends which will be distributed to
members of the SIP as Dividend Shares.

Directors receiving Dividend Shares in their SIP accounts and their new
beneficial holding totals are as follows-

                  ADDITIONAL               NEW TOTAL          % OF ISSUED
                      SHARES                 HOLDING               SHARES

Director-

R J Corry              1,573                 631,403                 0.81

J A Heller             1,573               1,438,744                 1.85

M C Stevens            1,573                 724,320                 0.93

The Company now holds 4,587,685 shares in Treasury. For reporting purposes
under section 198 of the Companies Act 1985 the market should exclude any
shares held in Treasury and use an issued share capital figure of 77,729,287
shares.

Date 6 March 2009

For further information, please contact:

Michael Stevens

Director/Secretary

London & Associated Properties PLC

Tel: [phone]