Treasury shares issued for Share Incentive Plan

22 Dec 2009 17:28

London & Associated Properties PLC ("the Company")

On 22 December 2009 the Company issued from Treasury 198,373 shares to cover issues under the Company's HMRC approved Share Inventive Plan (SIP) to directors and staff at 43.00 pence per share.

Directors and PDMR's receiving shares and directors' new beneficial holding totals are as follows-

ADDITIONAL NEW TOTAL ISSUED SHARES SHARES HOLDINGDirectors-J A Heller 17,442 1,310,652 1.65%R J Corry 17,442 661,879 0.83%M C Stevens 17,442 756,747 0.95%PDMRs-Members of staff 146,047TOTAL 198,373 shares

The Company now holds 4,293,051 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 79,628,978 shares.

Date 22 December 2009

For further information, please contact:

Michael Stevens

Director/Secretary

London & Associated Properties PLC

Tel: 020 7415 5000