Directors' Notification of Dealing in Shares

Land Securities PLC
4 August 2000


Land Securities 1989 Profit Sharing Scheme

In accordance with the Trust Deed of the above 2,448 Ordinary shares of £1 each
in this Company have been sold or transferred by participants during the month
July 2000 at an average price of £7.76p.

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          72,773
                         J I K Murray           72,773
                         M R Griffiths          72,773