Re Preferred Bidder Status

Land Securities Group Plc
02 April 2004

2 April 2004





LAND SECURITIES GROUP PLC ('Land Securities')



Land Securities Trillium selected by Norwich Union as preferred bidder for
property outsourcing deal



Land Securities' property outsourcing business Land Securities Trillium has been
selected by Norwich Union as preferred bidder for its proposed property
outsourcing deal.  The transaction is expected to complete and be fully
operational by the summer.



Ian Ellis, chief executive of Land Securities Trillium, said: 'We are delighted
that Norwich Union has chosen us as preferred bidder for this corporate
outsourcing transaction.  Our alliance with Norwich Union confirms the benefit
of our partnership approach and is an exciting development in the continuing
growth of Land Securities Trillium.  It enables us to build on our expertise in
managing large and complex operational estates and in delivering solutions
tailored to our customers' business drivers.'



Stuart Smith, director of occupied property strategy of Norwich Union, said: 'I
am delighted to be working with Land Securities Trillium on this contract.  This
was a very close competition with excellent bids from both Land Securities
Trillium and Mapeley.  We recognise the enormous effort that has been expended
by the bidders and we are grateful for the professionalism displayed throughout
the process.'



The contract remains subject to the conclusion of commercial negotiations
between Norwich Union and Land Securities Trillium.





                                     -Ends-



For further information, please contact:

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

Financial Dynamics
Stephanie Highett/Dido Laurimore
Tel: [phone]


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