Directors' Dealings

LAND SECURITIES PLC
3 September 1999

               LAND SECURITIES 1989 PROFIT SHARING SCHEME

In accordance with the Trust Deed of the above Scheme 502 Ordinary shares of £1
each in this Company have been sold or transferred by participants during the
month of August 1999 at an average price of £838.5p.

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

                    Ordinary shares of £1 each

                    I J Henderson       136,641
                    J I K Murray        136,641
                    M R Griffiths       136,641