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London & Associated Properties PLC ("the Company) On 17 December 2012 the Company issued from Treasury 24,782 shares at 21.75p 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 £5,390.09 to the Company for 24,782 shares at 21.75p (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 2,211 1,632,860 1.94% R J Corry 2,462 1,000,817 1.19% PDMR's - Members of staff 20,109 TOTAL 24,782 shares The Company now holds 1,513,616 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 84,029,095 shares. Date 17 December 2012 For further information, please contact: Heather Curtis Secretary London & Associated Properties plc Telephone number 020 7415 5000