Directors' Dealings

LAND SECURITIES PLC

                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

LAND SECURITIES PLC

2)   NAME OF DIRECTOR

K REDSHAW

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest

SEE 2) 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)

N/A

5)   Please state whether notification relates to a
     person(s) connected with the Director named in 2
     above and identify the connected person(s)

N/A

6)   Please state the nature of the transaction. For
     PEP transactions please indicate whether
     general/single co PEP and if discretionary/non
     discretionary

N/A

7)   Number of shares/amount of
     stock acquired

N/A

8)   ( N/A %)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

N/A

12)  Price per share

N/A

13)  Date of transaction

N/A

14)  Date company informed

N/A

15)  Total holding following this notification

N/A

16)  Total percentage holding of issued class following 
     this notification      

N/A

      IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE 
                              THE FOLLOWING BOXES

17)  Date of grant

28/10/99

18)  Period during which or date on which exercisable

5 YEAR SAVINGS RELATED SHARE OPTION

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

NIL

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

514 £1 ORDINARY SHARES

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

656P

22)  Total number of shares or debentures over which
     options held following this notification

7,311

23)  Any additional information

SAYE 5 YEAR CONTRACT WITH OPTION OVER 484 SHARES GRANTED 22/07/99 HAS BEEN
CANCELLED

24)  Name of contact and telephone number for queries

GEORGINA LENON   0171 413 9000

25)  Name and signature of authorised company official
     responsible for making this notification

     Date of Notification......29 OCTOBER 1999...........