Director Shareholding

Land Securities PLC
6 April 2001


Letter to Company Announcements Office

Land Securities 1989 Profit Sharing Scheme

In accordance with the Trust Deed of the above 115 Ordinary Shares of £1 each in
this Company have been sold or transferred by participants during the month of
March 2001 at an average price of £8.83 per share.

Three of the Directors of this Company are Trustees of the Scheme.  Would you
please amend your records to show their current non-beneficial holdings as
follows:-

                                        Ordinary shares of £1 each

I J Henderson                                     70,571
J I K Murray                                      70,571
M R Griffiths                                     70,571

Letter from Land Securities PLC