Director Shareholding

Land Securities PLC
5 November 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Land Securities PLC

2) Name of director

Michael R Griffiths

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a
non-beneficial interest

As above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

As above

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

As above

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Exercise of Save as You Earn Option

7) Number of shares/amount of
stock acquired

800 ordinary shares of £1

8) Percentage of issued class

0.00015%

9) Number of shares/amount
of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

Ordinary £1 shares

12) Price per share

487.0p

13) Date of transaction

2 November 2001

14) Date company informed

5 November 2001

15) Total holding following this notification

34,904

16) Total percentage holding of issued class following this notification

0.0067%


17) Name of contact and telephone number for queries

Peter Dudgeon, Company Secretary 020 7024 5227

18) Name and signature of authorised company official responsible for
making this notification

Date of Notification...5 November 2001...............................