Notice of EGM, etc.

Land Securities PLC
6 March 2000


                   NOTICE OF EGM TO GRANT A NEW AUTHORITY TO
                     PURCHASE LAND SECURITIES' OWN SHARES


Land  Securities announces that in order to be in a position to  continue  its
successful  share  buy-in programme, it is sending a  notice  to  shareholders
convening  an Extraordinary General Meeting for 6 April 2000.  The purpose  of
the  meeting will be to grant a new authority for the Company to purchase  its
own shares for cancellation.

The  existing authority, which permits purchases of up to 50,000,000  ordinary
shares,  representing  9%  of the share capital  in  issue  at  the  time  the
resolution  was passed, was granted at the Annual General Meeting held  on  14
July  1999.   Between 18 January 2000 and 3 March 2000 (the latest practicable
date  prior to the publication of the notice to shareholders) the Company  has
purchased  18,295,905 ordinary shares representing 3.4% of the current  issued
share  capital at an average price of 664.6p.  At this and current share price
levels,  the Board believes that the positive impacts of the share  buy-in  on
the  Company's financial performance, in terms of both earnings and net assets
per  share,  represent  a  significant value-creating  use  of  the  Company's
financial resources and are in the interests of shareholders.

The  proposed further authority would permit the purchase of up to  80,500,000
ordinary  shares,  being 14.9% of the issued share capital at  3  March  2000.
This  authority,  if  granted,  will be in substitution  for  any  outstanding
authority  previously  granted,  with  effect  from  the  conclusion  of   the
Extraordinary  General Meeting.  As the number of issued ordinary  shares  may
have  decreased  by the date of the meeting, so as to comply with  the  London
Stock  Exchange  rules,  the Board will only exercise this  authority  to  the
extent that it does not exceed 14.9% of the number of ordinary shares in issue
on  the  date  the  authority  is granted.  The Board  considers  that  it  is
advantageous  for the Company to have authority for further share acquisitions
to increase shareholder value, as measured by both earnings and net assets per
share, when market conditions permit.

The  Company  will enter its close period on 1 April and under Stock  Exchange
rules  will  not be able to continue its share buy-in programme ahead  of  the
announcement  of  its preliminary results for the year ended  31  March  2000.
However,  subject to market conditions and circumstances, including the  terms
on  which the Company could then acquire shares, it would expect to be able to
re-commence the share buy-in programme following that announcement.

In  addition to using the opportunity to buy in shares, the Company  has  also
carried out a comprehensive review of its investment property portfolio with a
view  to focusing resources generally on those larger assets where it believes
it  can  optimise shareholder returns.  Those properties which, despite strong
fundamental  quality  and  performance, do not meet the  necessary  strategic,
management and financial parameters will be sold.


For further information, please contact:
I.J. Henderson   Chief Executive
J.I.K. Murray    Finance Director
Telephone:       [phone]