Disposal

FOR IMMEDIATE RELEASE 7th August 2013 LONDON & ASSOCIATED PROPERTIES PLC: DISPOSAL OF TWO FULLY LET RETAIL PROPERTIES FOR £9.38M London & Associated Properties Plc ("LAP"), the focused retail investor, todayannounces that it has completed the sale of two fully let freehold retailproperties for a total cash consideration of £9.48m. The properties, a Primark unit in Chesterfield and the Superdry unit in Windsor,generate net income of approximately £700,000 and were valued at £9.48m as at31 December 2012. Proceeds of the sale have been used to pay down two debentures totalling £6.7m:a £5m debenture maturing 2013 at 11.3% and a £1.7m 2016 debenture at 8.67%. Ends. Contact: LAP 020 7415 5000 John Heller, Chief Executive or Robert Corry, Finance Director Baron Phillips Associates 020 7920 3161

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