Transaction in Own Shares

LAND SECURITIES GROUP PLC

TRANSACTION IN OWN SHARES

20 November 2012

The Company has previously announced that in certain circumstances it may buy back shares issued in relation to scrip dividends. In accordance with that announcement, the authority provided by shareholders on 19 July 2012 and the FSA's Disclosure and Transparency Rules, the Company announces that on 19 November 2012, it acquired a total of 1,200,000 ordinary shares of 10 pence each at an average cost of 768.29 pence per share. The shares acquired will be held in Treasury.

Following the acquisition, as at 20 November 2012, the Company's issued ordinary share capital consisted of 790,178,636 shares of 10p each, of which 10,226,249 shares were held in Treasury.

Accordingly, the total number of voting rights in Land Securities Group PLC as at

20 November 2012 was 779,952,387. This figure should be used by shareholders as the denominator for calculations by which they determine if they are required to notify the Company of their interest, or a change to their interest, in its shares.

Phil Higgins

Deputy Secretary

0207 024 5219