Board Announcement

Land Securities Group Plc
24 January 2003


24 January 2003


LAND SECURITIES GROUP PLC ('Land Securities')
Board Announcement


Following its January Board meeting yesterday and a thorough review of
succession planning, Land Securities announces that Ian Henderson has agreed to
the Board's request that he remain as Group Chief Executive to implement its
current strategy.  Land Securities has undergone significant change over the
past two years, including the appointment of a number of new senior executives.
The Board has resolved that, in view of this, continuity of leadership is
desirable.

At the same time Francis Salway has been appointed Chief Operating Officer.  In
addition to his existing responsibilities as Chief Executive of the Group's
Development business unit, he is taking on a wider operational role, supporting
Ian Henderson.

Peter Birch, Land Securities' Chairman, commented: 'We are delighted that Ian
will be staying on to provide leadership to the relatively new senior executive
team; he will be ably supported by Francis in the implementation of our
strategic aims.'

                                     -Ends-


For further information, please contact:

Land Securities
Peter Birch / Emma Denne
Tel: [phone]

Financial Dynamics
Steve Jacobs / Stephanie Highett
Tel: [phone]


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