Re: Clarification

Land Securities Group Plc
17 November 2004



17 November 2004



LAND SECURITIES GROUP PLC ('Land Securities' / 'Group')

Interim results for the six months ended 30 September 2004



Clarification of post-tax Net Asset Value per share



Following the announcement this morning of its interim results for the period
ended 30 September 2004, Land Securities would like to clarify the impact of the
debt reduction on its year end Net Asset Value. The post-tax impact of the
exceptional charge on Net Asset Value will be a reduction of 101p per share
(145p per share pre-tax).



For further information please contact:



Land Securities

Francis Salway/Emma Denne

Tel: [phone]



Financial Dynamics

Stephanie Highett/Jonathon Brill

Tel: [phone]




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