Retirement of Finance Director

FOR IMMEDIATE RELEASE

10 JULY 2014

                      LONDON & ASSOCIATED PROPERITES PLC                       

                        RETIREMENT OF FINANCE DIRECTOR                         

London & Associated Properties plc (`LAP' or the `Company'), the focused retail
property investor and asset manager, announces that having helped LAP achieve a
successful refinancing with Santander and Europe Capital Mezzanine Ltd, which
has enabled the Company to strengthen its balance sheet and look to the future
with confidence, Robert Corry, the Finance Director, has today announced his
intention to retire on 31 December 2014.

John Heller, Chief Executive of LAP, commented that: "Robert has been an
integral part of the management team for the last 22 years. I would like to
thank Robert for his valuable contribution during this time and take the
opportunity to wish him well for a long, happy and healthy retirement. Further
announcements will be made in due course."

                                      END                                      

Contact:
London & Associated Properties plc         Tel: [phone]
John Heller, Chief Executive

Baron Philips Associates                   Tel: [phone]
Baron Philips