Trillium fund closed

18 March 2008

For immediate release

LAND SECURITIES GROUP PLC ("Land Securities")

LAND SECURITIES SUCCESSFULLY CLOSES TRILLIUM'S PPP JOINT VENTURE

Land Securities Group PLC has today announced the successful closing of
Trillium PPP Investment Partners (Trillium Partners), the £1.136 billion joint
venture established to enable third party investors to gain exposure to Land
Securities Trillium's Public Private Partnership contracts (including its
Public Finance Initiative work).

Trillium Partners has been established with an initial capital of £1.136
billion of which half is debt financed and half equity. The strong demand has
meant that Land Securities Trillium will only retain a 10% stake against the
originally stated intention to hold 15%.

Equity partners are Halifax Bank of Scotland plc through its wholly owned
subsidiary, Uberior Infrastructure Investments, Victorian Funds Management
Corporation of Australia, funds from Bank of Ireland, Transport for London
Pension Fund, Lloyds TSB, London Pensions Fund Authority and pension funds
operated by Daily Mail General Trust plc.

Trillium Partners is the largest investment vehicle of its kind focused on PPP
contracts and aims to grow progressively over the next five years to an
invested value of nearly £2 billion through the acquisition of mature
operational PPP assets.

Commenting on the closing of Trillium Partners, Land Securities' Chief
Executive Francis Salway said: "The successful closing of Trillium Partners on
time and in line with expectations is a tremendous achievement. This marks an
extremely encouraging start for Trillium Partners which will acquire projects
from Land Securities Trillium and look to grow on the back of its financial
strength, the expertise of the Trillium management team and the growing
opportunities that we continue to see in the Public Private Partnership
market."

                                   - Ends -                                    

Contact details:

Donal McCabe
Land Securities
020 7024 5460

Notes to editors

Land Securities Group PLC

  * Land Securities is the UK's leading Real Estate Investment Trust with a
    national portfolio of commercial property worth over £14 billion. Our
    investment portfolio has around 60 retail parks and shopping centres
    including Birmingham's Bullring centre and Exeter's award-winning
    Princesshay site.
   
  * Half our portfolio is in London, where we own many landmark buildings such
    as the Piccadilly Lights and Westminster City Hall and are developing some
    of the capital's most innovative mixed-use schemes, such as Cardinal Place,
    Victoria and New Street Square in mid-town.
   
  * Land Securities' multi billion pound development programme is transforming
    regional city centres including Bristol, Cardiff, Glasgow and Leeds, key
    sites in Central London and delivering long-term, large-scale regeneration
    projects in the South East.
   
  * Land Securities is the principal name in property outsourcing and
    partnerships through Land Securities Trillium, which is one of the most
    established and innovative names in property outsourcing. We focus on
    understanding our customers' businesses and property requirements and
    meeting them through excellent service and innovation. We manage and
    provide services to numerous commercial properties nationwide, for a
    growing number of companies and government departments.