Results of Meetings

Land Securities Group Plc
22 October 2004


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES

22 October 2004


LAND SECURITIES GROUP PLC


LAND SECURITIES PLC - OFFER TO HOLDERS OF EXISTING NOTES: RESULTS OF MEETINGS


This announcement is made in respect of the Proposals set out in the Prospectus,
Offer and Consent Solicitation Document dated 27 September 2004 (the 'Offer
Document').  Terms and expressions defined in the Offer Document have the same
meaning in this announcement.



Land Securities PLC hereby announces that, at the Meetings of holders of
Existing Notes held earlier today, each of the Extraordinary Resolutions was
duly passed by the requisite majority of holders of the relevant Existing Notes.



The results of the polls conducted at the Meetings are as follows:



 1. Out of a total of 163,740 votes cast at the Meeting of holders of 2007 Bonds,
    163,305 votes (representing 99.7 per cent.) were cast in favour of the
    resolution and 435 votes (representing 0.3 per cent.) were cast against the
    resolution.



 2. Out of a total of 388,708,000 votes cast at the Meeting of holders of 2013
    Bonds, 388,708,000 votes (representing 100 per cent.) were cast in favour of
    the resolution.



 3. Out of a total of 191,426 votes cast at the Meeting of holders of 2020 Bonds,
    191,426 votes (representing 100 per cent.) were cast in favour of the
    resolution.



 4. Out of a total of 196,491,000 votes cast at the Meeting of holders of 2024
    Bonds, 196,491,000 votes (representing 100 per cent.) were cast in favour of
    the resolution.



 5. Out of a total of 392,027,214 votes cast at the Meeting of holders of 2025
    Debenture Stock, 392,027,214 votes (representing 100 per cent.) were cast in
    favour of the resolution.



 6. Out of a total of 199,499,366 votes cast at the Meeting of holders of 2027
    Debenture Stock, 199,499,366 votes (representing 100 per cent.) were cast in
    favour of the resolution.



 7. Out of a total of 197,298,994 votes cast at the Meeting of holders of 2030
    Debenture Stock, 197,298,994 votes (representing 100 per cent.) were cast in
    favour of the resolution.



                                    - end -


For further information:


Land Securities
Andrew Macfarlane/Emma Denne
020 7413 9000


Financial Dynamics
Stephanie Highett/Dido Laurimore
020 7831 3113


Important Notice

No offer or invitation to acquire or exchange any securities or proposals to
Existing Noteholders is being made pursuant to this press release.  Any such
offer, invitation or proposals are only being made in the Offer Document and any
such acquisition or exchange or acceptance of such proposals should be made
solely on the basis of information contained in the Offer Document.  A copy of
the Offer Document is available at the offices of Citigroup Global Markets
Limited at Canada Square, Canary Wharf, London E14 5LB.



This press release is not an offer of securities for sale in the United States.
The new bonds to be issued under the new structure have not been and will not be
registered under the United States Securities Act of 1933, as amended (the
'Securities Act') and may not be offered or sold within the United States or to
or for the account or benefit of U.S. Persons (as defined in Regulation S under
the Securities Act ('Regulation S')), except pursuant to an exemption from, or
in a transaction not subject to, the registration requirements of the Securities
Act.  Accordingly, the new bonds will be offered and sold only (A) to Qualified
Institutional Buyers in reliance on the exemption from the registration
requirements of the Securities Act provided by Rule 144A under the Securities
Act and (B) outside the United States to non-U.S. Persons in compliance with
Regulation S.



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