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Treasury Stock and Share Investment Plan
RNS - London Stock Exchange | 12/10/2011
London & Associated Properties PLC ("the Company)

On 12 October 2011 the Company issued from Treasury 39,297 shares at 30.5p. Of
these shares 12,897 were issued to cover a staff bonus and the remaining 26,400
were issued under the Company's HMRC approved Share Incentive Plan (SIP) to
directors and staff. With regard to these shares the Trustee of the SIP will
pay cash of £8,052 to the Company for 26,400 shares at 30.5p (being last
night's closing mid-price) from cash accumulated from dividends which will be
distributed to members of the SIP as Dividend Shares.

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

                        ADDITIONAL        NEW TOTAL      % OF ISSUED
                        SHARES            HOLDING        SHARES

Director -

J A Heller                 2,329          1,630,649       1.94%

R J Corry                  2,423            998,437       1.19%

PDMR's -

Members of staff          34,545

TOTAL                     39,297 shares

The Company now holds 1,538,398 shares in Treasury. For reporting purposes
under section 792 of the Companies Act 2006 the market should exclude any
shares held in Treasury and use an issued share capital figure of 84,004,313

Date 12 October 2011

For further information, please contact:

Heather Curtis

Secretary London & Associated Properties plc

Telephone number 020 7415 5000