Transaction in Own Shares

9 Feb 2009 16:28

London & Associated Properties PLC ("the Company")

On 9 February 2009 the Company issued 1,214,400 shares from Treasury to cover bonuses to directors at 31.25 pence per share.

Directors receiving shares and directors' new beneficial holding totals are asfollows- ADDITIONAL NEW TOTAL % OF ISSUED . SHARES HOLDING SHARESDirectors-R J Corry 270,720 629,830 0.81%J A Heller 283,200 1,437,171 1.85%M A Heller 480,000 5,351,757 6.89%M C Stevens 180,480 672,747 0.87%TOTAL 1,214,400 shares

Following this issue of Treasury shares M A Heller and his family had an interest in 43,856,358 shares in the company representing 56.47% of the issued share capital net of Treasury shares.

The Company now holds 4,659,465 shares in Treasury. For reporting purposes under section 198 of the Companies Act 1985 the market should exclude any shares held in Treasury and use an issued share capital figure of 77,657,507 shares.

Date 9 February 2009

For further information, please contact:

Michael Stevens

Director/Secretary

London & Associated Properties PLC

Tel: 020 7415 5000