Table 82 – Financial calendar

Date
Ex-dividend date – 2009/10 final dividend 23 June 2010
Record date – 2009/10 final dividend 25 June 2010
Payment date – 2009/10 final dividend 30 July 2010
Quarter One Interim Management Statement announcement 21 June 2010
AGM – London 22 July 2010
Ex-dividend date – 1st interim dividend September 2010
Payment date – 1st interim dividend October 2010
2010/11 Half-yearly results announcement November 2010
Ex-dividend date – 2nd interim dividend December 2010
Payment date – 2nd interim dividend January 2011
Quarter Three Interim Management Statement announcement January 2011
Ex-dividend date – 3rd interim dividend March 2011
Payment date – 3rd interim dividend April 2011
2010/11 Annual results announced May 2011

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Table 83 – REIT balance of business tests

12 months ended
31 March 2010
12 months ended
31 March 2009
Tax-
Exempt
Business

Residual
Business

Adjusted
Results
Tax-
Exempt
Business

Residual
Business

Adjusted
Results
Adjusted profit before tax (£m) 232.4 11.9 224.3 174.8 (83.2) 91.6
Balance of business – 75% profits test 95.1% 4.9% 190.8% (90.8)%
Adjusted total assets (£m) 9,497.8 826.0 10,323.8 9,229.5 2,487.3 11,716.7
Balance of business – 75% assets test 78.8% 21.2%

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Scrip dividends

Following the approval by shareholders of the introduction of a Scrip Dividend scheme at a General Meeting on 14 December 2009, the Company offers shareholders the option to participate in a Scrip – an issue of shares available to shareholders that replaces a cash dividend payment. Shareholders have the option to forgo their cash dividend for the share alternative. Details of the scheme and the required mandate forms for participation are available in the Investor section of www.landsecurities.com or, alternatively, please contact:

The Share Dividend Team,
Equiniti,
Aspect House, Spencer Road,
Lancing, West Sussex BN99 6DA
Telephone: 0871 384 2268
International dialling: +44 (0)121 415 7049

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REIT dividend payments

As a UK REIT, the Company is exempted from corporation tax on rental income and gains on its property rental business but is required to pay Property Income Distributions (PIDs). UK shareholders will generally be taxed on PIDs received at their full marginal tax rates. However, should a shareholder opt to receive their dividend as shares (in the form of a Scrip) instead of cash then this form of dividend would not currently be treated as a PID and would be subject to tax on the cash equivalent of the Scrip as though it were an ordinary UK dividend. For those shareholders who do not opt to receive shares but instead continue to receive a cash dividend, the Company currently expects that the cash dividend will be paid entirely as a PID.

For most shareholders, PIDs will be paid after deducting withholding tax at the basic rate. However, certain categories of shareholder are entitled to receive PIDs without withholding tax, principally UK resident companies, UK public bodies, UK pension funds and managers of ISAs, PEPs and Child Trust Funds. A detailed note on the tax consequences for shareholders and forms to enable certain classes of shareholder to claim exemption from withholding tax are available in the ‘Investor’ area at www.landsecurities.com

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Balance of business tests

REIT legislation specifies conditions in relation to the type of business a REIT may conduct, which the Group is required to meet in order to retain its REIT status. In summary, at least 75% of the Group’s profits must be derived from REIT qualifying activities (the 75% profits test) and 75% of the Group’s assets must be employed in REIT qualifying activities (the 75% assets test). Qualifying activities means a property rental business. For the result of these tests for the Group for the financial year, and at the balance sheet date see Table 83.

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Our website

We have completely refreshed our corporate website and are now able to offer visitors to the site new functionality as well as a new look, feel and user-friendly navigation. We have also updated the ‘Investor’ section of the site which gives you access to share price and dividend information as well as sections on managing your shares electronically and corporate governance; and other debt and equity investor information on the Group. To access the website please go to www.landsecurities.com

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Registrar

All general enquiries concerning holdings of ordinary shares in Land Securities Group PLC should be addressed to:

Equiniti,
Aspect House, Spencer Road,
Lancing, West Sussex BN99 6DA
Telephone: 0871 384 2128
Textphone: 0871 384 2255
International dialling: +44 (0)121 415 7049
Website: www.shareview.co.uk

An online share management service is available, enabling shareholders to access details of their Land Securities shareholdings electronically. Shareholders wishing to view this information, together with additional information such as indicative share prices and information on recent dividends, should visit the ‘Investor’ area www.landsecurities.com or www.shareview.co.uk

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e-communication

UK shareholders may elect to receive communications electronically. Shareholders who opt to receive electronic communications can also submit their proxy votes electronically. To register for this service, shareholders should visit the ‘Investor’ area at www.landsecurities.com or www.shareview.co.uk

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Payment of dividends

Shareholders whose dividends are not currently paid to mandated accounts may wish to consider having their dividends paid directly into their bank or building society account. This has a number of advantages, including the crediting of cleared funds into the nominated account on the dividend payment date. If shareholders would like their future dividends to be paid in this way, they should complete a mandate instruction available from the investor section at www.landsecurities.com and return it to the registrars. Under this arrangementtax vouchers are sent to the shareholder’s registered address.

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Dividends for shareholders resident outside the UK

Instead of waiting for a sterling cheque to arrive by mail, you can ask us to send your dividends direct to your bank account. This is a service our Registrar can arrange in over 30 different countries worldwide and it normally costs less than paying in a sterling cheque. For more information contact the Company’s Registrar, Equiniti, on +44 (0)121 415 7047 or download an application form online at www.shareview.co.uk or by writing to our Registrars at the address given.

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Low-cost share dealing facilities

Shareview provides both existing and prospective UK shareholders with simple, low-cost ways of buying and selling Land Securities Group PLC ordinary shares by telephone, internet or post.

For telephone dealing, call 0845 603 7037 between 8.00am and 4.30pm Monday to Friday. For internet dealing, log on to www.shareview.co.uk/dealing. For postal dealing, call 0871 384 2248 for full details and a form.

Existing shareholders will need to provide the account/shareholder reference number, shown on the share certificate.

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ShareGift

Shareholders with a small number of shares, the value of which makes it uneconomic to sell them, may wish to consider donating them to the charity ShareGift (registered charity 1052686), which specialises in using such holdings for charitable benefit. A ShareGift Donation form can be obtained from:

Equiniti,
Aspect House, Spencer Road,
Lancing, West Sussex BN99 6DA

Further information about ShareGift is available at www.sharegift.org or by writing to:

ShareGift,
17 Carlton House Terrace,
London SW1Y 5AH
Telephone: 020 7930 3737

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Corporate Individual Savings Accounts (ISAs)

The Company has arranged for a Corporate ISA to be managed by Equiniti Financial Services Limited, who can be contacted at:

Aspect House,
Spencer Road,
Lancing, West Sussex BN99 6UY
Telephone: 0871 384 2244

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Capital gains tax

For the purpose of capital gains tax, the price of the Company's ordinary shares at 31 March 1982, adjusted for the capitalisation issue in November 1983 and the Scheme of Arrangement in September 2002, was 203p. The appropriate value to be used as a base cost in respect of these shares, assuming you took up the 5 for 8 Rights Issue in full, is 229p.

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Unclaimed Assets Register

The Company participates in the Unclaimed Assets Register, which provides a search facility for financial assets which may have been forgotten. For further information, contact:

The Unclaimed Assets Register,
PO Box 9501, Nottingham NG80 1WD
Telephone: 0870 241 1713
Fax: 0115 976 8785
Website: www.uar.co.uk

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Share price information

The latest information on Land Securities Group PLC share price is available on our website www.landsecurities.com

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Unsolicited mail

The Company is obliged by law to make its share register available on request to other organisations. This may result in you receiving unsolicited mail. If you wish to limit the receipt of unsolicited mail you can write to the Mailing Preference Service, an independent organisation whose services are free to you. If you would like more details, you should write to:

The Mailing Preference Service
FREEPOST 29
LON 20771
London W1E 0ZT
Or telephone their helpline on 0845 703 4599 or register on their website at www.mpsonline.org.uk

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Registered office

5 Strand, London WC2N 5AF
Registered in England and Wales
No. 4369054

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Offices

5 Strand, London WC2N 5AF
and at:
City Exchange, 11 Albion Street, Leeds LS1 5ES
120 Bath Street, Glasgow G2 2EN

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