Directors' Notification of Dealing in Shares

Land Securities PLC
5 May 2000

LAND SECURITIES 1989 PROFIT SHARING SCHEME

In accordance with the Trust Deed of the above Scheme 61 Ordinary shares of £1
each in this Company have been sold or transferred by participants during the
month April 2000 at an average price of £7.40p.

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     135,815
     J I K Murray      135,815
     M R Griffiths     135,815