Scrip Dividend Issue of Shares

Land Securities Group PLC

4 January 2012

Land Securities Group PLC Scrip Dividend

Land Securities Group PLC confirms that an application has been made to the Financial Services Authority for 1,607,264 ordinary shares to be admitted to the Official List, and to the London Stock Exchange for the shares to be admitted to trading, in relation to the operation of the Scrip Dividend Scheme for the second interim dividend for the year ending 31 March 2012, payable on 9 January 2012. Dealings are expected to commence on 9 January 2012 and the shares will rank pari passu with the existing issued ordinary shares of the Company.

In accordance with the terms of the scrip dividend 1,607,264 ordinary shares are to be issued at a price of 656.20 pence per share.

Contact

Phil Higgins

Deputy Secretary

0207 024 5219