Statement re Re Financing

FOR IMMEDIATE RELEASE

3RD JULY 2014

                      LONDON & ASSOCIATED PROPERITES PLC                       

                         £45.0 MILLION DEBT FINANCING                          

London & Associated Properties plc (`LAP' or the `Company'), the focussed
retail property investor and asset manager, today announces the successful
completion of £45 million financing with Santander and Europa Capital Mezzanine
Ltd. This refinances its entire Royal Bank of Scotland loan and releases funds
for new acquisitions.

The new debt package has a five year term, is fully hedged and has a current
blended interest cost of 4.79% As a result of this refinancing, LAP has
extended its debt maturity profile with £45 million of the Company's £60
million debt repayable in July 2019 and a further £10 million not due until
August 2022.

John Heller, Chief Executive of LAP, commented that: "We are delighted to have
completed the final step in addressing the Company's legacy loan and derivative
positions. LAP is now better positioned to take advantage of market
opportunities both for direct investment and joint venture asset management."

LAP's financial advisor was Alvarez & Marsal and its legal counsel was Olswang.

                                      END                                      

Contact:

London & Associated Properties plc Tel: [phone]
John Heller, Chief Executive
Robert Corry, Finance Director

Baron Philips Associates Tel: [phone]
Baron Philips


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