Director Shareholding

Land Securities PLC
12 July 2001


LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

Land Securities 1989 Profit Sharing Scheme

In accordance with the Trust Deed of the above 348 Ordinary shares of £1 each in
this Company have been sold or transferred by participants during the months of
June/July at an average price of £8.67 per share.

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

 
                                            Ordinary shares of £1 each

I J Henderson                                         69,778 
M R Griffiths                                         69,778

From:  Peter Dudgeon (Company Secretary)