Director/PDMR Shareholding

1.

Name of the issuer

LAND SECURITIES GROUP PLC

2.

State whether the notification relates to (i) a

transaction notified in accordance with DTR 3.1.2 R, 

(ii) a disclosure made in accordance 

LR 9.8.6R(1) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

BOTH

3.

Name of person discharging managerial

responsibilities/director

ALISON CARNWATH

4.

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

ALISON CARNWATH

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

AS ABOVE

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

10P ORDINARY SHARES

7.

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

AS ABOVE

8.

State the nature of the transaction

DIVIDEND REINVESTMENT PLAN

9.

Number of shares, debentures or financial

instruments relating to shares acquired

928

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

IMMATERIAL

11.

Number of shares, debentures or financial

instruments relating to shares disposed

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

13.

Price per share or value of transaction

903.49p

14.

Date and place of transaction

13 January 2009

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

70,925

16.

Date issuer informed of transaction

16 January 2009

17

Any additional information

18.

Name of contact and telephone number for queries

Christine Shaw, 0207 024 5230

Name of authorised official of issuer responsible for making notification

Peter Dudgeon, Company Secretary 

Date of notification __16 January 2009_________________________________________

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.