Directors' Dealings

Land Securities PLC
5 November 1999

Land Securities 1989 Profit Sharing Scheme

In accordance with the Trust Deed of the above Scheme 65 Ordinary shares of £1
each in this Company have been sold or transferred by participants during the
month of October 1999 at an average price of £8.38p.

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          136,455
J I K Murray           136,455
M R Griffiths          136,455