Holding in Company

London & Assoc Properties PLC
14 September 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company- London & Associated Properties PLC

2)   Name of shareholder having a major interest- Exeter Financials Fund
Limited

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
         Exeter Financials Fund Limited

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

          Exeter Financials Fund Limited

5)   Number of shares/amount of stock acquired- 600,000

6)   Percentage of issued class- 0.77%

7)   Number of shares/amount of stock disposed- 0

8)   Percentage of issued class- 0

9)   Class of security- Ordinary 10p

10)  Date of transaction- 13 Sept 01

11)  Date company informed- 13 Sept 01

12)  Total holding following this notification- 5,000,000


13)  Total percentage holding of issued class following this notification-
6.44%

14)  Any additional information

15)  Name of contact and telephone number for queries

        M C Stevens 020 7415 5000

16)  Name and signature of authorised company official responsible for
     making this notification - M C Stevens

     Date of notification 14 Sept 2001