Holding(s) in Company

Land Securities PLC
5 June 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

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
As above

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

5. Number of shares / amount of stock acquired
Nil

6. Percentage of issued class
N/a

7. Number of shares / amount of stock disposed
N/a

8. Percentage of issued class
N/a

9. Class of security
Ordinary shares

10. Date of transaction
29 May 2002


11. Date company informed
5 June 2002

12. Total holding following this notification
HSBC Investment Bank Holdings plc as HSBC Investments plc's parent and HSBC Holdings plc, the ultimate
parent company, no longer have a notifiable interest in the ordinary shares of Land Securities PLC

13. Total percentage holding of issued class following this notification
N/a

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
Peter Dudgeon, Company Secretary

Date of notification
5 June 2002


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