Director Shareholding

Land Securities PLC
9 October 2000


Letter to Company Announcements Office

Land Securities 1989 Profit Sharing Scheme

In accordance with the Trust Deed of the above 185 ordinary shares of £1 each in
this Company have been sold or transferred by participants during the month
of September 2000 at an average price of £7.60p.

Three of the Directors of this Company are Trustees of the Scheme.  Would you
please therefore amend your records to show their current non-beneficial 
holdings as follows:-

                            Ordinary shares of £1 each

        I.J. Henderson                                         71,840
        J.I.K. Murray                                          71,840
        M.R. Griffiths                                         71,840

Letter from Land Securities Plc