Director/PDMR Shareholding

FOR IMMEDIATE RELEASE

5 October 2017

LONDON & ASSOCIATED PROPERTIES PLC (“the Company”):

DIRECTOR’S SHARE DEALING

On 4 October 2017 the Company was notified by Sir Michael Heller, Chairman of the Company, that M Heller Marriage Settlement had sold 300,000 Ordinary Shares of 10p each in the Company (“Ordinary Shares”) at a price of 21.5p. The shares were acquired by Metroc Limited, Barmik Properties Limited and London & South Yorkshire Securities Limited, private companies controlled by Sir Michael Heller, and each purchased 100,000 Ordinary Shares at the same price.

Sir Michael Heller and his family continue to have an interest in 48,080,063 Ordinary Shares of the Company representing 56.35% of the issued share capital.

The Company holds 221,061 Ordinary Shares in treasury and has 85,321,650 Ordinary Shares in issue (excluding treasury shares).  85,321,650 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: [phone]