Director Shareholding

Land Securities PLC
6 December 2000

Land Securities 1989 Profit Sharing Scheme

In accordance with the Trust Deed of the above 239 Ordinary shares of £1 each in
this Company have been sold or transferred by participants during the month of
November 2000 at an average price of £8.21 per share.

Three of the Directors of this Company are Trustees of the Scheme.  Their
current non-beneficial holdings are as follows:-

Ordinary shares of £1 each

I J Henderson   71,215
J I K Murray    71,215
M R Griffiths   71,215