Director Shareholding

Land Securities Group Plc
22 July 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company

Land Securities Group PLC


2. Name of director

a)  Francis Salway  b)  Andrew Macfarlane  c)  Aubrey Mark Collins  d) Ian Ellis


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

Grant of Executive Share Options


7. Number of shares / amount of stock acquired




8. Percentage of issued class




9. Number of shares/amount of stock disposed




10. Percentage of issued class




11. Class of security




12. Price per share




13. Date of transaction




14. Date company informed




15. Total holding following this notification




16. Total percentage holding of issued class following this notification



If a director has been granted options by the company please complete the
following boxes.


17. Date of grant

12 July 2004


18. Period during which or date on which exercisable

12 July 2014


19. Total amount paid (if any) for grant of the option




20. Description of shares or debentures involved: class, number

a)  43,065   b)  35,851   c)  34,695   d)  41,759


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

1159p


22. Total number of shares or debentures over which options held following this
notification

a)  189,815   b)  179,476   c)  141,547   d)  159,180


23. Any additional information




24. Name of contact and telephone number for queries

Peter Dudgeon    020 7413 9000


25. Name and signature of authorised company official responsible for making
this notification

Peter Dudgeon,  Company Secretary


Date of Notification

22 July 2004


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for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
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