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Treasury Stock and Share Incentive Plan
RNS - London Stock Exchange | 20/12/2012
London & Associated Properties PLC ("the Company")

On 20 December 2012 the Company issued 258,878 shares from Treasury to cover
bonuses and issues under the Company's HMC approved Share Incentive Plan (SIP)
to directors and staff at 22.00 pence per share.

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

                  ADDITIONAL         NEW TOTAL         % OF ISSUED 
                  SHARES             HOLDING           SHARES

R J Corry          27,631            1,028,448         1.22%

J A Heller         40,721            1,673,581         1.99%

M A Heller         62,500            6,336,502         7.55%


Members of staff  128,026

TOTAL             258,878 shares

Following this issue of Treasury shares M A Heller and his family had an
interest in 47,687,962 shares in the company representing 56.58% of the issued
share capital net of Treasury shares.

The Company now holds 1,254,738 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 84,287,973

Following the receipt of the additional shares referred to above M A Heller
transferred 31,250 of his additional shares to family companies.

Following this transfers their holdings are now:-

             NEW TOTAL         % OF ISSUED 
             HOLDING           SHARES

M A Heller   6,335,252         7.52%

The overall interest of J A Heller and M A Heller and family was unaltered by
this further transfer, remaining at 47,687,962 shares representing 56.58% of
issued share capital, as stated above.

Date 20 December 2012

For further information, please contact:

Heather Curtis

Company Secretary

London & Associated Properties PLC Tel: 020 7415 5000