FOR IMMEDIATE RELEASE

28 November 2016

London & Associated Properties PLC (“the Company”):

Treasury Stock and Directors’ Shareholdings

On 28 November 2016 the Company was notified by the trustee of the HMRC approved Share Incentive Plan (SIP) of the purchase of 2,831 ordinary shares out of treasury at 21.25 pence per share (being the last stock exchange closing mid – price on 25 November 2016).  These shares were purchased on behalf of the Company’s directors and employees with cash accumulated from dividends and will be distributed to members of the SIP as Dividend Shares.

Directors receiving shares and new beneficial holding totals are as follows-

                                ADDITIONAL                NEW TOTAL                  % OF ISSUED                                                                                                                                                                           
                                 SHARES                        HOLDING                        SHARES

Directors-  

J A Heller                         402                         1,642,923                            1.93%

A K Thapar                       495                           120,495                             0.14%

On 28 November 2016 the Company issued 224,470 ordinary shares from Treasury to cover bonuses to a director at 21.25 pence per share (being the last stock exchange closing mid – price on 25 November 2016).

Director receiving shares and new beneficial holding totals are as follows-

                                ADDITIONAL                NEW TOTAL                  % OF ISSUED                                                                                                                                                                           
                                  SHARES                        HOLDING                        SHARES

Director-  

J A Heller                     224,470                       1,867,393                           2.19%

Following the issue of Treasury shares, J A Heller and his family had an interest in 48,080,063 shares in the company representing 56.35% of the issued share capital net of Treasury shares.

The Company now holds 221,061 shares in Treasury and has 85,321,650 ordinary shares in issue (excluding treasury shares). This figure of 85,321,650 represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Ends.

For further information, please contact:

Anil Thapar
Company Secretary
London & Associated Properties PLC
Tel: 020 7415 5000