FOR IMMEDIATE RELEASE

10 JULY 2014

LONDON & ASSOCIATED PROPERITES PLC

RETIREMENT OF FINANCE DIRECTOR

London & Associated Properties plc (`LAP’ or the `Company’), the focused retail

property investor and asset manager, announces that having helped LAP achieve a

successful refinancing with Santander and Europe Capital Mezzanine Ltd, which

has enabled the Company to strengthen its balance sheet and look to the future

with confidence, Robert Corry, the Finance Director, has today announced his

intention to retire on 31 December 2014.

John Heller, Chief Executive of LAP, commented that: “Robert has been an

integral part of the management team for the last 22 years. I would like to

thank Robert for his valuable contribution during this time and take the

opportunity to wish him well for a long, happy and healthy retirement. Further

announcements will be made in due course.”

END

Contact:

London & Associated Properties plc         Tel: 020 7415 5000

John Heller, Chief Executive

Baron Philips Associates                   Tel: 020 7920 3161

Baron Philips