Directors' Dealings

LAND SECURITIES PLC
30 September 1999


LAND SECURITIES 1989 PROFIT SHARING SCHEME

In accordance with the Trust Deed of the above Scheme 121 Ordinary shares of £1
each in this Company have been sold or transferred by participants during the
month of September 1999 at an average price of £8.37p.

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                 136,520
J I K Murray                  136,520
M R Griffiths                 136,520