Holding in Company

Land Securities PLC
19 January 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     LAND SECURITIES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     THE CAPITAL GROUP COMPANIES, INC.

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

     SEE SCHEDULE BELOW

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     SEE SCHEDULE BELOW

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     £1 ORDINARY SHARES

10)  Date of transaction



11)  Date company informed

     18/1/2001

12)  Total holding following this notification

     15,598,505
               
13)  Total percentage holding of issued class following this notification

     2.98%

14)  Any additional information



15)  Name of contact and telephone number for queries

     PETER DUDGEON
     020 7413 9000

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

     Date of Notification   19 JANUARY 2001



As of 17 January 2001

Land Securities plc
                                                      Number of  Percent of
                                                         Shares  Outstanding

The Capital Group Companies, Inc. ('CG') holdings    15,598,505        2.98%

Holdings by CG Management Companies and Funds:

* Capital Guardian Trust Company                      7,875,049        1.51%

* Capital International Limited                       7,483,556        1.43%

* Capital International S.A.                            239,900        0.05%



                                   Schedule A




                     Schedule of holdings in Land Securities plc
                               As of 17 January 2001

                         Capital Guardian Trust Company


Registered Name                                    Local Shares

State Street Nominees Limited                         1,274,000
Bank of New York Nominees                               177,045
Chase Nominees Limited                                3,395,404
BT Globenet Nominees Ltd.                                40,000
Midland Bank plc                                        727,500
Bankers Trust                                           532,000
Barclays Bank                                           312,000
Nortrust Nominees                                     1,391,600
MSS Nominees Limited                                      8,500
Citibank NA                                              17,000
                                                      ---------
                                          TOTAL       7,875,049

                                Schedule B



                    Capital International Limited
   
Registered Name                                    Local Shares

State Street Nominees Limited                            74,201
Bank of New York Nominees                               677,413
Chase Nominees Limited                                1,755,306
Bankers Trust                                         3,739,854
Barclays Bank                                           122,000
Citibank London                                          17,486
Nortrust Nominees                                       860,956
Deutsche Bank AG                                        163,000
Mellon Bank N.A.                                         73,340
                                                      ---------
                                          TOTAL       7,483,556

                              Schedule B



                      Capital International S.A.
   
Registered Name                                    Local Shares

Bank of New York Nominees                                61,300
Royal Bank of Scotland                                   59,600
Vidacos Nominees Ltd.                                   119,000
                                                        -------
                                          TOTAL         239,900

                             Schedule B