Convertible Bonds

Land Securities PLC
30 May 2002


LAND SECURITIES PLC



Land Securities Finance (Jersey) Limited

6 per cent. Guaranteed Convertible Bonds due 2007

Guaranteed by Land Securities PLC

Further to the announcement of 29 May 2002, Cazenove has purchased for
cancellation a further £15,727,000 nominal amount of these bonds as agent for
Land Securities PLC. Following these transactions and conversions to date,
£160,818,000 nominal amount of these bonds remain outstanding.



Land Securities PLC may continue to respond to market offers of both series of
bonds through Cazenove if these are made at attractive levels.



Contact:

Land Securities PLC: Andrew Macfarlane, 020 7413 9000

Cazenove: Francis Burkitt/Simon Smith, 020 7588 2828



                      This information is provided by RNS
            The company news service from the London Stock Exchange