Directors' Dealings

LAND SECURITIES PLC
8 July 1999


Land Securities 1989 Profit Sharing Scheme

In accordance with the Trust Deed of the above Scheme, 246 Ordinary shares of £1
each in this Company have been sold or transferred by participants during the
month of June 1999 at an average price of £858p.

Four of the Directors of this Company are Trustees of the Scheme. Would you
please therefore amend your records to show that the current non-beneficial
holding of each of these Directors is now as follows:-

                          Ordinary shares of £1 each

          John Hull                     224,321
          I J Henderson                 224,321
          J I K Murray                  224,321
          M R Griffiths                 224,321