Treasury Stock

London & Associated Properties PLC ("the Company")

On 12 February 2009 the Company 50,000 shares from Treasury to cover share
options exercised by the director listed below under the Company's Unapproved
Executive Share Option Scheme at 25.66 pence per share.

Director receiving shares and the director's new beneficial holding totals are
as follows-

               ADDITIONAL      NEW TOTAL   % OF ISSUED
                   SHARES        HOLDING        SHARES

Director-

M C Stevens        50,000        722,747         0.93%

The Company now holds 4,609,465 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 77,707,507
shares.

Date 12 February 2009

For further information, please contact:

Michael Stevens

Director/Secretary

London & Associated Properties PLC

Tel: [phone]