Treasury Stock and Share Incentive Plan

London & Associated Properties PLC ("the Company") Treasury Stock and Share Incentive Plan On 12 December 2014 the Company issued from Treasury 1,918 shares at 39.50punder the Company's HMRC approved Share Incentive Plan (SIP) to directors andstaff. With regard to these shares the Trustee of the SIP will pay cash of £757.61 to the Company for 1,918 shares at 39.50p (being last night's closingmid-price) from cash accumulated from dividends which will be distributed tomembers of the SIP as Dividend Shares. Directors and PDMR's receiving shares and directors' new beneficial holdingtotals are as follows - ADDITIONAL NEW TOTAL % OF ISSUED SHARES HOLDING SHARES Director - J A Heller 253 1,668,976 1.97% R J Corry 293 1,040,637 1.23% PDMR's- Members of staff 1,372 TOTAL 1,918 shares The Company now holds 1,032,991 shares in Treasury. For reporting purposesunder section 792 of the Companies Act 2006 the market should exclude anyshares held in Treasury and use an issued share capital figure of 84,509,720shares. Date: 12 December 2014 For further information, please contact: Heather Curtis Company Secretary London & Associated Properties PLC

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