Commercial Paper Programme

Land Securities Group Plc
20 October 2006

PRESS RELEAS

20 October 2006



LAND SECURITIES GROUP PLC ('Land Securities' / 'Group')


Land Securities signs £750m Euro Commercial Paper Programme


Land Securities today announces the signing of a £750m Euro Commercial Paper
Programme (the 'Programme'). Land Securities PLC is the commercial paper issuing
vehicle for the Group's secured funding structure, which was established in
November 2004. Paper issued under the Programme will be fully supported by
existing secured bank facilities.


Both Fitch Ratings Limited and Standard & Poor's Rating Services have rated the
Programme F1 and A-1 respectively. Proceeds from the programme will be used to
meet short term funding requirements.


Citigroup are the Arranger of the Programme with Barclays Capital, Citigroup and
Royal Bank of Scotland acting as Dealers. HSBC have been appointed as the
Issuing & Paying Agent.


This press release does not constitute an offer for sale in the United States.
The Notes have not been and will not be registered under the Securities Act of
1933 of the United States and, subject to certain exceptions, may not be
offered, sold or delivered within the United States or to, or for the account or
benefit of,  U.S. persons (as defined in Regulation S under the Securities Act).


This press release does not constitute an offer to sell or the solicitation of
an offer to buy the Notes under the Programme.

                                     -Ends-



For further information, please contact:

Land Securities Group PLC
Martin Wood, Group Head of Tax, Treasury and Insurance [phone]
Sean West, Treasurer [phone]
Jennifer van der Eem, Investor Relations Manager [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange