Holding(s) in Company

Land Securities PLC
28 May 2002



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     LAND SECURITIES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     HSBC INVESTMENT BANK PLC

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

     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.

     AS IN 2 ABOVE

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

     24/5/2002

11)  Date company informed

     28/5/2002

12)  Total holding following this notification

     20,419,852
               
13)  Total percentage holding of issued class following this notification

     3.9%

14)  Any additional information



15)  Name of contact and telephone number for queries

     PETER DUDGEON - 020 7024 5227

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

     Date of Notification ...28th MAY 2002


                      This information is provided by RNS
            The company news service from the London Stock Exchange