Treasury Stock

FOR IMMEDIATE RELEASE

16 January 2016

London & Associated Properties PLC (“the Company”):

Purchase of Treasury Shares

On 4 January 2016 the Company was notified by the trustee of the HMRC approved Share Incentive Plan (SIP) of the purchase of 1,936 ordinary shares out of treasury at 25 pence per share (being the last stock exchange closing mid – price on 31 December 2015).  These shares were purchased on behalf of the Company’s directors and employees with cash accumulated from dividends and will be distributed to members of the SIP as Dividend Shares.

Directors receiving shares and new beneficial holding totals are as follows-

                                ADDITIONAL                NEW TOTAL                  % OF ISSUED
                                   SHARES                    HOLDING                        SHARES

Directors-  

J A Heller                         255                        1,630,277                          1.92%

A K Thapar                       331                         150,378                            0.18%

On 18 January 2016 the Company issued 284,518 ordinary shares from Treasury to cover bonuses and issues under the Company’s HMRC approved Share Incentive Plan (SIP) to directors and staff at 24.5 pence per share (being the last stock exchange closing mid – price on 15 January 2016).

Directors receiving shares and new beneficial holding totals are as follows-

                                ADDITIONAL                NEW TOTAL                  % OF ISSUED
                                   SHARES                    HOLDING                        SHARES

Directors-  

J A Heller                      12,244                       1,642,521                           1.93%

A K Thapar                    81,469                        231,847                             0.27%

Following the issue of Treasury shares, J A Heller and his family had an interest in 47,855,191 shares in the company representing 56.24% of the issued share capital net of Treasury shares.

The Company now holds 448,362 shares in Treasury and has 85,094,349 ordinary shares in issue (excluding treasury shares). This figure 85,094,349 represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Ends.

For further information, please contact:

London & Associated Properties PLC
Anil Thapar , Company Secretary                                                     Tel: [phone]