Re Contract

Land Securities Group Plc
10 December 2003

10 December 2003

Land Securities finalises contracts for the Employment ServiceS Estate

Further to its announcement on 14 October 2003 that commercial terms had been
agreed, Land Securities Group PLC confirms that its subsidiary Land Securities
Trillium has signed contracts with the Department for Work and Pensions to
expand its existing property outsourcing agreement to include the former
Employment Services Estate ('ESE').

On 15 December the ESE will be integrated into the existing PRIME (Private
Sector Resource Initiative for the Management of the Estate) agreement.
Following the contract expansion both the Department for Work and Pensions and
Employment Services estates will be run as one, under a single expanded contract
expiring in 2018.  The additional annual income paid to Land Securities Trillium
for the expanded contract will be £147 million.

The ESE comprises 1,078 Jobcentres and administrative buildings totalling
834,000 sq m, evenly spread throughout the UK.  The combined estate of 1,807
buildings will total some 2.5 million sq m of which approximately 765,000 sq m
is freehold.  Land Securities Trillium will be responsible for the payment of
£165 million of leasehold rents under the combined agreement as well as the
provision of a wide range of property services through third party service
partners.



                                    - Ends -

For further information:

Land Securities
Ian Ellis/Emma Denne
Tel: [phone]

Financial Dynamics
Stephanie Highett/Dido Laurimore
020 7831 3113

Notes to Editors

Land Securities Trillium, part of the Land Securities Group, is one of the UK's
leading providers of total property outsourcing solutions.  Land Securities
Trillium currently owns or manages over 7,400 properties covering 7.5 million sq
m throughout the UK.  Clients include the Department for Work and Pensions, the
BBC and BT.

The Department for Work and Pensions original estate (the PRIME contract)
comprises 650 properties covering 1.7 million sq m which are evenly spread
throughout the UK.




                      This information is provided by RNS
            The company news service from the London Stock Exchange