FOR IMMEDIATE RELEASE

    7 October 2015

                  London & Associated Properties PLC ("the Company"):              

                      Director's Share Dealing and Share Buy-back                  

    On 6 October 2015, J A Heller, the Company's Chief Executive, sold 166,864 of
    the Company's ordinary shares of 10p each ("Ordinary Shares") in the market at
    a price of 36.00p and the Company has subsequently purchased these shares in
    the market at the same price for holding in treasury.

    Following this transaction, J A Heller has an interest in 1,630,022 Ordinary
    Shares representing 1.92% of the issued share capital net of treasury shares.

    Following the purchase of these shares, the Company holds 734,816 Ordinary
    Shares in treasury and has 84,807,895 Ordinary Shares in issue (excluding
    treasury shares).  This figure of 84,807,895 represents the total voting rights
    in the Company and may be used by shareholders as the denominator for the
    calculations by which they can determine if they are required to notify their
    interest in, or a change to their interest in, the Company under the Financial
    Conduct Authority's Disclosure and Transparency Rules.

                                         Ends.                                     

    For further information, please contact:

    Anil Thapar

    Company Secretary

    London & Associated Properties PLC

    Tel: 020 7415 5000