+44 (0)207 415 5000
2nd Floor, 12 Little Portland Street, London, W1W 8BJ
20 September 2012 London & Associated Properties PLC ("the Company) Update on Revolving Credit Facility London & Associated Properties Plc ("LAP") currently has a £47 million revolving credit facility with Royal Bank of Scotland ("RBS") of which £44.2 million is drawn, which will expire on 22nd September 2012. LAP has been negotiating a renewal of this facility for approximately 12 months. While it now appears likely that a new facility will not have been agreed by the expiry date, we are very close to reaching agreement and have the support of RBS while negotiations continue. We look forward to updating shareholders on a satisfactory conclusion to these negotiations in due course. Ends. For further information please contact: John Heller, Chief Executive London & Associated Properties PLC Tel: 020 7415 5000