Result of EGM

Land Securities PLC
09 August 2002


Land Securities PLC

Proposed Return of £541 million


Result of Court Meeting and Extraordinary General Meeting

9 August 2002


Shareholders approve Scheme of Arrangement


At both the Court convened meeting and the Extraordinary General Meeting which
were held earlier today , the ordinary shareholders of Land Securities PLC
overwhelmingly approved the Scheme of Arrangement without modification and
passed the special resolution required to implement it.

In the poll taken at the Court meeting, the resolution received 245,448,641
votes in favour from 7,773 shareholders and 8,494,340 votes against from 264
shareholders. The resolution was therefore passed with a majority of 96.7% of
both votes and those voting.

Subject to receiving Court approval on 5 September the Scheme of Arrangement
will become effective on 6 September.

Commenting on today's result Ian Henderson, Group Chief Executive, said,

'We are pleased that our shareholders have approved the proposals made by the
Board. We believe that by effecting the Scheme of Arrangement and return of
capital to shareholders Land Securities remains in a strong financial position
but with a more efficient balance sheet and an enhanced ability to generate
shareholder returns'.


For further information please contact:

Land Securities: 020 7413 9000
Emma Denne

Cazenove: 020 7588 2828
Duncan Hunter
Louise Littlewood


Shareholder helpline:

0800 035 2771 (Freephone)

This announcement, which has been issued by and is the sole responsibility of
Land Securities PLC, has been approved by Cazenove & Co. Ltd ('Cazenove') of 12
Tokenhouse Yard, London EC2R 7AN solely and specifically for the purposes of
section 21 of the Financial Services and Markets Act 2000. Cazenove, which is
regulated by the Financial Services Authority, is acting for Land Securities PLC
and Land Securities Group PLC and no-one else in connection with the return of
capital and will not be responsible to anyone other than Land Securities PLC or
Land Securities Group PLC for providing the protections afforded to customers of
Cazenove or for giving advice in relation to the return of capital.




                      This information is provided by RNS
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