Director Shareholding

Land Securities Group Plc
02 July 2003


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
Land Securities Group PLC

2. Name of director
a) Ian Henderson b) Andrew Macfarlane c) Francis Salway d) Ian Ellis 
e) Mark Collins

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
Deferred bonus share award

7. Number of shares / amount of stock acquired
a) 12,862 b) 6,981 c) 6,596 d) 5,399 e) 4,046

8. Percentage of issued class
Not material

9. Number of shares/amount of stock disposed




10. Percentage of issued class




11. Class of security
10p ordinary shares

12. Price per share
787.2p

13. Date of transaction
1st July 2003

14. Date company informed
1st July 2003

15. Total holding following this notification
a) 105,964 b)10,466 c) 17,660 d) 9,143 e) 9,191

16. Total percentage holding of issued class following this notification
Not material

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

17. Date of grant
1st July 2003

18. Period during which or date on which exercisable
1st July 2006 - 1st July 2013

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




20. Description of shares or debentures involved: class, number
10p ordinary shares

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
788.0p

22. No of shares over which options granted

a) 0 b) 38,125 c) 41,250 d) 34,375 e) 34,375

23. Total number of shares or debentures over which options held following this
notification
a)229,062 b) 143,625 c) 146,750 d) 114,875 e) 104,375

24. Any additional information




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

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

Date of Notification
2nd July 2003

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for loss of business or loss of profits) arising in contract, tort or otherwise
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