Result of EGM

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN,  
                    SOUTH AFRICA OR THE REPUBLIC OF IRELAND                    

     London & Associated Properties PLC ('London & Associated Properties')     

                    Result of Extraordinary General Meeting                    

Further to this morning's announcement, London & Associated Properties
announces that, at its Extraordinary General Meeting, held earlier today, the
resolution to enable the Tender Offer to proceed as set out in its circular to
shareholders dated 2 June 2005, was duly passed. The Tender Offer will
therefore proceed as planned.

Following the implementation of the Tender Offer, Michael Heller and John
Heller (two directors of London & Associated Properties) and their families and
related companies and trusts, will own 42,949,187 Ordinary Shares representing
approximately 56.34 per cent. of the issued ordinary share capital of London &
Associated Properties (ignoring shares held in treasury).

Definitions used in this announcement have the same meanings given in the
circular sent to Shareholders dated 2 June 2005 setting out the formal terms of
and condition to the Tender Offer.

London & Associated Properties plc    020 7415 5000 
                                                    
John Heller, Chief Executive                        
                                                    
Robert Corry, Finance Director                      
                                                    
Panmure Gordon & Co                   020 7459 3600 
                                                    
Andrew Godber                                       
                                                    
Andrew Potts                                        
                                                    
Baron Phillips Associates             020 7920 3161 
                                                    
Baron Phillips