Disposal

London & Associated Properties

07/08/2013 07:15

FOR IMMEDIATE RELEASE

7th August 2013

                      LONDON & ASSOCIATED PROPERTIES PLC:

            DISPOSAL OF TWO FULLY LET RETAIL PROPERTIES FOR 9.38M

London & Associated Properties Plc ("LAP"), the focused retail investor, today
announces that it has completed the sale of two fully let freehold retail
properties for a total cash consideration of 9.48m.

The properties, a Primark unit in Chesterfield and the Superdry unit in Windsor,
generate net income of approximately 700,000 and were valued at 9.48m as at
31 December 2012.

Proceeds of the sale have been used to pay down two debentures totalling 6.7m:
a 5m debenture maturing 2013 at 11.3% and a 1.7m 2016 debenture at 8.67%.

                                     Ends.

Contact:

LAP 020 7415 5000

John Heller, Chief Executive or Robert Corry, Finance Director

Baron Phillips Associates 020 7920 3161

Baron Phillips

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