Director Shareholding

Land Securities PLC
22 January 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Land Securities PLC

2) Name of director

Ian James Henderson

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a
non-beneficial interest

As above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

As above

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

As above

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Exercise of SAYE option

7) Number of shares/amount of
stock acquired

1,601

8) Percentage of issued class

Not material

9) Number of shares/amount
of stock disposed
n/a


10) Percentage of issued class

n/a

11) Class of security

Ordinary shares

12) Price per share

487p

13) Date of transaction

21 January 2002

14) Date company informed

22 January 2002

15) Total holding following this notification

89,440

16) Total percentage holding of issued class following this notification

0.017%

17) Any additional information


18) Name of contact and telephone number for queries

Peter Dudgeon, Company Secretary 020 7024 5227

19) Name and signature of authorised company official responsible for
making this notification

Date of Notification....22 January.2002.............................




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