Holding in Company

Land Securities PLC
1 May 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

     HOLDING OF SHAREHOLDER NAMED IN 2) ABOVE

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

     SEE BELOW

5)   Number of shares/amount of stock acquired.

      -

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

      -

8)   (  - %) of issued Class

9)   Class of security

     £1 ORDINARY SHARES

10)  Date of transaction

     27/4/2001

11)  Date company informed

     30/4/2001

12)  Total holding following this notification

     15,072,059
               
              
13)  Total percentage holding of issued class following this notification

      2.875%

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 ...1ST MAY 2001......



As of 27 April 2001

Land Securities plc

                                                    Number of        Percent of
                                                     Shares         Outstanding

The Capital Group Companies, Inc. ('CG') holdings  15,072,059          2.88%

Holdings by CG Management Companies and Funds:                   

-  Capital Guardian Trust Company                   5,921,345          1.13%

-  Capital  International Limited                   8,887,514          1.70%

-  Capital International S.A.                         263,200          0.05%