Director Shareholding

Land Securities PLC
19 July 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
Land Securities PLC

2. Name of director
a) Francis William Salway, b) Andrew Elliott Macfarlane

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
Grant of Executive Share Options






If a director has been granted options by the company please complete the
following boxes.

17. Date of grant
19 July 2002

18. Period during which or date on which exercisable
19 July 2005 to 19 July 2012

19. Total amount paid (if any) for grant of the option
N/a

20. Description of shares or debentures involved: class, number
Ordinary Shares

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
812p

22. Total number of shares or debentures over which options held following this
notification
a) 30,500 b) 30,500

23. Any additional information




24. Name of contact and telephone number for queries
Peter Dudgeon, 020 7413 9000

25. Name and signature of authorised company official responsible for making
this notification
Peter Dudgeon, Company Secretary

Date of Notification
19 July 2002

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.




                      This information is provided by RNS
            The company news service from the London Stock Exchange