Land Securities : Circular and notice of general meeting

RNS Number : 7824P

Land Securities Group PLC 04 September 2017

4 September 2017

Land Securities Group PLC ("Landsec")

Further to its announcement on 27 July 2017, Landsec confirms that it has successfully completed the sale of its 50% stake in 20 Fenchurch Street, EC3M to LKK Health Products Group Limited.

As previously announced, Landsec intends to return approximately £475 million of the proceeds to shareholders in the form of a payment of 60 pence per share. Landsec will implement this return of capital through the issue and redemption of a new class of redeemable B shares which will be accompanied by a 15 for 16 share consolidation of the existing share capital of Landsec.

Landsec shareholders will shortly receive an explanatory circular, containing notice of the general meeting to be held at

3.00 p.m. on Wednesday 27 September 2017 at 80 Victoria Street, London, SW1E 5JL to allow shareholders to vote on the resolutions required to approve and implement the return of capital. The circular can be found on Landsec's website at www.landsec.com/2017-gm. The circular and form of proxy for use at the general meeting have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

+44 (0) 20 7024 5185

Edward.Thacker@landsec.com

Important Notices

This announcement introduces the proposals contained in the Circular, which should be read by shareholders before taking a decision. The announcement is not a summary of the proposals and should not be regarded as a substitute for reading the Circular.

The release, publication or distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by lawand therefore any persons who are subject to the lawof any jurisdiction other than the United Kingdom should inform themselves about, and observe, any such restrictions.

If you are in any doubt about the contents of this announcement or the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, fund manager, solicitor, accountant or other appropriate independent financial adviser duly authorised under the Financial Services and Markets Act 2000 if you are resident in the United Kingdom or, if not, from any appropriately authorised independent financial adviser.

LEI number of Land Securities Group PLC: 213800V8IAVKS37D6B88

This information is provided by RNS

The company news service from the London Stock Exchange

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