Treasury Stock and Share Incentive Plan

London & Associated Properties PLC ("the Company") On 25 February 2014 the Company issued 391,503 shares from Treasury to coverbonuses and issues under the Company's HMC approved Share Incentive Plan (SIP)to directors and staff at 58.25 pence per share. Directors and PDMR's receiving shares and directors' new beneficial holdingtotals are as follows- ADDITIONAL NEW TOTAL % OF ISSUED SHARES HOLDING SHARESDirectors- R J Corry 11,896 1,040,344 1.23% J A Heller 171,674 1,845,255 1.19% M A Heller 85,837 6,452,339 7.65% PDMR's- Members of staff 122,096 TOTAL 391,503 shares Following this issue of Treasury shares M A Heller and his family had aninterest in 47,945,473 shares in the company representing 56.81% of the issuedshare capital net of Treasury shares. The Company now holds 863,235 shares in Treasury. For reporting purposes undersection 198 of the Companies Act 1985 the market should exclude any shares heldin Treasury and use an issued share capital figure of 84,395,816 shares. Date 25 February 2014 For further information, please contact: Heather Curtis Company Secretary

London & Associated Properties PLC Tel: 020 7415 5000