AGM Statement

Land Securities Group Plc
17 July 2007

17 July 2007



            LAND SECURITIES GROUP PLC ('Land Securities' / 'Group')



                             ANNUAL GENERAL MEETING



Land Securities will hold the Group's Annual General Meeting at 11.00 am today
at The National Gallery, Trafalgar Square, London WC2N 5DN.



Paul Myners, Chairman of Land Securities, will open proceedings with the
following comments;



'Land Securities invests in property to generate returns in excess of our
weighted average cost of capital.  For property investment, this means adding
value by actively managing our assets and judging the right moment to buy or
sell.  For development, it means creating the right product and delivering it on
time and on budget, at the right moment in the market cycle.  For property
outsourcing it means accessing new markets and new income streams profitably.



'In 2006/07 we had considerable success across all these areas. Highlights
include:




  • Total return on capital employed for the 2006/7 year at 16.6%
    substantially exceeded our weighted average cost of capital of 6.75%.
  • Our developments delivered a valuation surplus of 21.9%.
  • Floorspace under management by Land Securities Trillium increased by 45%
    in the year.



'In addition, we converted to a REIT on 1 January 2007 and we have chosen to pay
over to shareholders by way of increased dividend the tax we will no longer be
paying on our income profits.  This enabled us to raise the dividend by 13.5%
last year, when we were a REIT for just three months.  For this year, we have
moved to quarterly dividends and the first three have been set at a level which
gives a further increase of more than 20%.



'I would like to take this opportunity to thank our colleagues, customers and
suppliers for helping to deliver another year of strong growth for Land
Securities and for positioning us so well for the future.'



Land Securities' progress for the first quarter of 2007/08 was reported on in
its first Interim Management Statement which was published yesterday.



                                     -ENDS-



For further information, please contact:



Francis Salway/Edward Thacker           Stephanie Highett / Dido Laurimore
Land Securities Group PLC               Financial Dynamics
Tel: [phone]                Tel: [phone]






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