Land Securities CEO and CFO Interviewed on Half-Year Results

LONDON, November 18 - Land Securities, the UK's largest property company, said it had achieved
lettings totalling over GBP29m per annum in the first six months of the year.

The company said the quality of its portfolio helped it outperform the
IPD benchmark, with a valuation decline of 1.4 per cent. That reduced
adjusted NAV by 4.7 per cent in the first half.

Earnings were down just over 15 per cent in the period, which was
attributed to the disposals made to put the balance sheet in "great shape".

In a video interview with www.cantos.com, Francis Salway, Chief
Executive, noted that the market cycle has turned and value trends have gone
from being negative to positive. Commenting on the company's performance in
this climate he said:

"Our confidence is much more about Land Securities. If we go back to the
time of our Rights Issue, trends in the market had been broadly consistent
with our view then on peak-to-trough falls in values. And the actions we've
taken have been consistent with what we said we'd do. So we are very much
where we wanted to be in terms of balance sheet ratios, capacity to invest
and some interesting development opportunities."

The interview and transcript are available now on
www.cantos.com/node/4779/company/Land%2BSecurities.

It's free to view. All you need to do is register at
www.cantos.com. Cantos.com, the online financial broadcaster, features
in-depth interviews, documentaries and webcasts with senior company
executives. If you would like to contact us, please email
enquiries@cantos.com or phone +44-207-936-1333.

If you would like to contact us, please email enquiries at cantos.com or phone +44-207-936-1333.