Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Land Securities Group PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Peel Holdings Group Limited

4. Full name of shareholder(s)  (if different from 3.):iv

HSDL Nominees Limited

Rulegale Nominees Limited

BBHISL Nominees Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

5 February 2014

6. Date on which issuer notified:

7 February 2014

7. Threshold(s) that is/are crossed orreached: vi, vii

3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares of 10p

23,869,718

23,869,718

23,454,718

2.9742%

ISIN

GB0031809436

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

-

-

-

-

-

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

-

-

-

-

-

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

23,454,718

2.9742%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Shareholding in aggregate of 23,454,718 through Albright Investments Limited and Peel Holdings Investments (LS) Limited. Additional controlled undertakings between these companies and Peel Holdings Group Limited are:

- Goodweather Holdings Limited; and

- Peel Investments Holdings (IOM) Limited.

- Peel Holdings (IOM) Limited

Legal title to the shares is held by the nominees in box 4 above.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

The parent undertaking which had previously been subject to disclosure obligations in regard to the above shareholdings was Peel Holdings Limited. Following an internal restructuring undertaken, the shareholdings in the issuer were transferred into the indirect ownership of Peel Holdings Group Limited, which is a company subject to the same ultimate ownership & control as Peel Holdings Limited. Peel Holdings Limited has no interest in any shares of the issuer.

14. Contact name:

Lucy Turner

15. Contact telephone number:

0207 024 5246