Transaction in Own Shares

London & Associated Properties PLC ("the Company")

On 19 November 2007 the Company issued from Treasury 248,840 shares to cover
the payment of bonuses to directors and staff at 96.25 pence per share.

Directors and PDMR's receiving shares and directors' new beneficial holding
totals are as follows-

                   ADDITIONAL       NEW TOTAL    % ISSUED SHARES
                   SHARES           HOLDING

Directors-

J A Heller              7,792       1,139,691              1.49%

R J Corry              94,414         346,065              0.45%

M C Stevens            40,607         467,430              0.61%

PDMRs-
 
Members of staff      106,027

TOTAL                 248,840 shares

The Company now holds 5,913,545 shares in Treasury. For reporting purposes
under section 198 of the Companies Act 1985 the market should exclude any
shares held in Treasury and use an issued share capital figure of 76,403,427
shares.

Date 19 November 2007

For further information, please contact:

Michael Stevens

Director/Secretary

London & Associated Properties PLC

Tel: [phone]