Holding(s) in Company

SCHEDULE 10                                  
                                                                               
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

1) Name of company

LONDON & ASSOCIATED PROPERTIES

2) Name of shareholder having a major interest

EXETER ASSET MANAGEMENT LIMITED

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

SEE BOX 2

4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

EXETER FINANCIALS FUND LIMITED           3,000,000
                                                  
EXETER EQUITY GROWTH & INCOME FUND       1,011,059
                                                  
EXETER SMALLER COMPANIES UNIT TRUST        400,000
                                                  
EXETER EQUITY INCOME FUND                  250,000
                                                  
EXETER OEIC: HIDDEN VALUE PORTFOLIO         25,000



5) Number of shares/amount of stock acquired

N/A

6) Percentage of issued class

N/A

7) Number of shares/amount of stock disposed

200,000 SOLD BY EXETER EQUITY GROWTH & INCOME FUND LIMITED

50,000 SOLD BY EXETER EQUITY INCOME FUND

TOTAL: 250,000

8) Percentage of issued class

0.25% - EXETER EQUITY GROWTH & INCOME FUND LIMITED

0.06% - EXETER EQUITY INCOME FUND

TOTAL: 0.31%


9) Class of security

ORDINARY 10 PENCE SHARES

10) Date of transaction

04 JUNE 2003

11) Date company informed

05 JUNE 2003

12) Total holding following this notification

4,686,059

13) Total percentage holding of issued class following this notification

5.84%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

MICHAEL STEVENS

020 7415 5000

16) Name and signature of authorised company official responsible for making
this notification

MICHAEL STEVENS

DIRECTOR & COMPANY SECRETARY

Date of notification ...05 JUNE...2003...