Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                

1. Identity of the issuer or the underlying London & Associated Properties plc 
issuer of existing shares to which voting                                      
rights are attached: ii                                                        

2 Reason for the notification (please tick the appropriate box or boxes):      

An acquisition or disposal of voting rights                       Yes   
                                                                               
An acquisition or disposal of qualifying financial instruments which           
may result in the acquisition of shares already issued to which voting         
rights are attached                                                            
                                                                               
An acquisition or disposal of instruments with similar economic effect         
to qualifying financial instruments                                            
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please                                                                  
specify):                                                                      

3. Full name of person(s) subject to     Cavendish Asset Management Limited    
the notification obligation: iii                                               
                                                                               
4. Full name of shareholder(s) (if                       n/a                   
different from 3.):iv                                                          
                                                                               
5. Date of the transaction and date                  02/05/2012                
on which the threshold is crossed or                                           
reached: v                                                                     
                                                                               
6. Date on which issuer notified:                    03/05/2012                
                                                                               
7. Threshold(s) that is/are crossed                      7%                    
or reached: vi, vii                                                            

8. Notified details:
A: Voting rights attached to shares viii, ix

Class/type of Situation previous            Resulting situation after           
shares         to the triggering                  the triggering                
                  transaction                      transaction                  
                                                                                
if possible              Number                  Number           % of voting   
using          Number      of      Number          of              rights x     
the ISIN CODE    of      Voting      of          voting                         
               Shares    Rights    shares        rights                         
                                                                                
                                   Direct  Direct xi  Indirect  Direct  Indirect
                                                        xii                     
                                                                                
Sedol:        6,318,982 6,318,982 6,543,982 6,543,982    -      7.79%      -    
0523422                                                                         
(ordinary)                                                                      

B: Qualifying Financial Instruments                                            
                                                                               
Resulting situation after the triggering transaction                           

Type of financial Expiration     Exercise/      Number of voting   % of voting 
   instrument     date xiii  Conversion Period rights that may be    rights    
                                    xiv         acquired if the                
                                                 instrument is                 
                                                   exercised/                  
                                                   converted.                  
                                                                               
       n/a                                                                     

C: Financial Instruments with similar economic effect to Qualifying Financial  
Instruments xv, xvi                                                            
                                                                               
Resulting situation after the triggering transaction                           

   Type of     Exercise Expiration Exercise/  Number of voting    % of voting   
  financial     price   date xvii  Conversion rights instrument  rights xix, xx 
  instrument                         period       refers to                     
                                     xviii                                      
                                                                                
                                                                Nominal   Delta 
                                                                                
     n/a                                                                        

Total (A+B+C)                                                                  

        Number of voting rights               Percentage of voting rights      
                                                                               
               6,543,982                                 7.79%                 

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable: xxi                 
                                                                               

Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                             n/a                  
                                                                               
11. Number of voting rights proxy                                              
holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will                                            
cease to hold voting rights:                                                   

13. Additional information:                                                    
                                                                               
14. Contact name:                                                              
                                                                               
15. Contact telephone number:                                                  

Note: Annex should only be submitted to the FSA not the issuer                 
                                                                               
Annex: Notification of major interests in sharesxxii                           

A: Identity of the persons or legal entity subject to the notification
obligation

Full name                                 Cavendish Asset Management Limited   
(including legal form of legal                                                 
entities)                                                                      
                                                                               
Contact address                         Chelsea House, West Gate, London W5 1DR
(registered office for legal entities)                                         
                                                                               
Phone number & email                                 020 8810 8041             
                                                                               
Other useful information                                                       
(at least legal representative for                                             
legal persons)                                                                 

B: Identity of the notifier, if applicable

Full name                                           Heather Curtis             
                                                                               
Contact address                            24 Bruton Place, London, W1J 6NE    
                                                                               
Phone number & email                         020 7415 5000 [e-mail]     
                                                                               
Other useful information(e.g.                      Company Secretary           
functional relationship with the person                                        
or legal entity subject to the                                                 
notification obligation)                                                       

C: Additional information                                                      
                                                                               

For notes on how to complete form TR-1 please see the FSA website.