Holding(s) in Company

London & Assoc Properties PLC
15 February 2002

London & Associated Properties plc (the 'Company')

Holding in Company

The Company announces that on 14 February 2002 it was advised by Andrew Perloff
on behalf of Maland Pension Fund that on 12 February 2002 it disposed of its
holding of 2,861,059 ordinary 10 pence shares in the Company and no longer has
any interest in the Company.

M C Stevens

Company Secretary

15 February 2002



END



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