Transaction in Own Shares

London and Associated Properties PLC                      

                           Transaction in Own Shares                           

London and Associated Properties PLC ("the Company") announces that it has
today purchased 49,030 ordinary shares of 10 pence each in the capital of the
Company. The highest price paid per share was 104 pence, the lowest price paid
per share was 103 pence and the average price was 103.51 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, the Company holds 6,162,385 ordinary shares as
treasury shares. The total number of ordinary shares in issue (excluding shares
held as treasury shares) is 76,154,587.