Hldg.by Profit Sharing Scheme

Land Securities PLC
2 February 2001

Land Securities 1989 Profit Sharing Scheme

In accordance with the Trust Deed of the above 216 Ordinary shares of £1 each in
this Company have been sold or transferred by participants during the month of
January 2001 at an average price of £8.52 per share.

Three of the Directors of this Company are Trustees of the Scheme. Their current
non-beneficial holdings as follows:-

Ordinary shares of £1 each

I J Henderson          70,827
J I K Murray           70,827
M R Griffiths          70,827

Georgina Lenon
Assistant Company Secretary