Re Outsourcing Contract

Land Securities Group Plc
14 June 2004

14 June 2004





LAND SECURITIES GROUP PLC ('Land Securities' / 'Group')



Land Securities Trillium and Norwich Union agree new property outsourcing deal



Land Securities announces that its property outsourcing business, Land
Securities Trillium, has today agreed a major new deal with Norwich Union to
manage and improve its core occupational estate.  The 25-year deal involves the
transfer of 111,500 sq m of office accommodation with an investment value in
excess of £150 million and Land Securities Trillium investing £92 million in the
refurbishment of Norwich Union's 30,890 sq m Norwich headquarters, which is to
be carried out by Land Securities' Development business unit.  Land Securities
Trillium will receive an initial income of circa £20 million per annum from the
contract, which will increase over the next three years as the Norwich project
is completed.



Norwich Union's three main objectives in undertaking this deal are to achieve a
consistently high standard of accommodation throughout the country; to transfer
the risk associated with delivering necessary improvements to achieve this high
standard; and to bring future cost certainty to their core property portfolio.
As the UK market leader in property outsourcing, Land Securities Trillium is
well placed to achieve these objectives.  It currently manages over 8,400 client
properties throughout the UK, has delivered substantial improvements to clients
over the past six years and provides clients with property costs that are
transparent and certain.



Ian Ellis, Chief Executive of Land Securities Trillium, said, 'We are delighted
to have commenced this long term partnership with Norwich Union.  As with all
our property outsourcing transactions, this has been tailored to meet the
client's business drivers and demonstrates how, as a Group, we can provide a
bespoke property solution.  The deal with Norwich Union is about managing and
improving their properties and delivering better workplaces for their 
employees.'



Stuart Smith, Director of Occupied Property Strategy of Norwich Union, said, 'We
are delighted to be working with Land Securities Trillium to provide a better
environment for our staff.  The transfer of these properties to Land Securities
Trillium will allow Norwich Union to focus on our core business of delivering
service to our customers.'



                                     -End-





For further information, please contact:



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



Financial Dynamics
Stephanie Highett
Tel: [phone]



Norwich Union
David Ross
Tel: [phone] (m)
Tel: [phone] (w)







Notes to editors:



Land Securities Trillium



Land Securities Trillium, part of the Land Securities Group, is the UK's leading
provider of property outsourcing solutions.  Capital, estate strategy, property
management, facilities management and risk management services are combined in a
complete outsourcing package.  Land Securities Trillium currently owns or
manages over 8,400 properties throughout the UK.  Clients include the Department
for Work and Pensions, the BBC and BT.





Land Securities



Land Securities is a FTSE 100 company, quoted on the London Stock Exchange.  Its
market capitalisation is £5.5 billion (June 2004).  It has been at the forefront
of the UK's commercial property industry for 60 years.  Today, the Group
maintains its market leading position as the UK's largest quoted property
company by providing commercial accommodation and property services to a wide
range of occupiers.  The Group's objective is to create attractive and
sustainable returns for its shareholders through its activities, which include
property investment, development and property outsourcing.



Land Securities invests in four sectors of the commercial property market:
Central London offices, shopping centres and shops, out of town retail parks
across the UK and south-east industrial properties.  The Group's £8 billion
investment portfolio includes16 shopping centres across the UK, from Almondvale
Centre, Livingston to Gunwharf Quays in Portsmouth, 23 retail parks and over
735,000 sq m of office space in Central London.



Land Securities has a substantial development programme with over 20 development
projects either underway or being planned.  Projects include regeneration
schemes in historic British cities, three major retail-led urban regeneration
schemes and eight Central London developments. The Group is also masterplanning
one of Europe's largest regeneration schemes in Kent Thameside and has over
32,000 sq m of retail and industrial warehousing currently under development.


The Group is committed to environmental initiatives and community involvement.
This has been recognised by the Group's inclusion in the BiTC Corporate
Responsibilty Index, FTSE4Good Index and the Dow Jones Sustainability Index.
Its environmental performance has been recognised by the award of three Green
Apple Environment Awards and receiving ISO14001 accreditation for its work with
the DWP.





Norwich Union



Norwich Union is the UK's largest insurer.



With a focus on insurance for individuals and small businesses, Norwich Union
insures:

- one in five households

- one in seven motor vehicles

- more than 800,000 businesses



Norwich Union products are available through a variety of distribution channels
including brokers, corporate partners such as banks and building societies and
Norwich Union Direct.



It is also the UK's largest provider of life, pensions and investment products
and one of the leading IFA providers.  IFAs provide around 75% of the company's
long-term savings business in the UK.



Norwich Union has strategic alliances with building societies and other leading
UK brand names including Tesco Personal Finance and The Royal Bank of Scotland
Group.



Norwich Union's news releases and a selection of images are available from
Aviva's internet press centre at www.aviva.com/media.



An ISDN facility is available for studio quality broadcast.  Call the press
office on 08703 66 68 68




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