LAND SECURITIES GROU

LAND
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Land Securities : Press release - Change in presentation of segmental financial information

10/19/2020 | 10:45am

Title

Change in presentation of segmental financial information

From

Land Securities Group PLC

Date

19 October 2020

Change in presentation of segmental financial information

To support our new strategy announced today, we are changing the way we report financial information, both internally and externally. This new structure better reflects the way in which the business is now being managed. We'll continue to report externally on the total Combined Portfolio, as we did for the 31 March 2020 year end. However, instead of analysing the Combined Portfolio between our Office, Retail and Specialist assets, it will now be analysed between four segments: Central London, Regional retail, Urban opportunities and Subscale sectors. The Group's segmental information will also now be presented in a format which reflects these changes.

For reference, the presentation of the segmental information and Combined Portfolio Analysis for the March 2020 and September 2019 financial results have been revised to reflect the four new segments for comparative purposes. The unaudited revised presentation and a reconciliation to the previously presented financial information can be found on our website www.landsec.com/investors/results- presentations.

Ends

About Landsec

At Landsec, we strive to connect communities, realise potential and deliver sustainable places.

As one of the largest real estate companies in Europe, our £12.8 billion portfolio spans 24 million sq ft (as at 31 March 2020) of well-connected retail, leisure, workspace and residential hubs. From the iconic Piccadilly Lights in the West End and the regeneration of London's Victoria, to the creation of retail destinations at Westgate Oxford and Trinity Leeds, we own and manage some of the most successful and memorable real estate in the UK.

We aim to lead our industry in critical long-term issues - from diversity and community employment, to carbon reduction and climate resilience. We deliver value for our shareholders, great experiences for our customers and positive change for our communities.

Find out more at landsec.com

Please contact:

Investors Ed Thacker

+44 (0)20 7024 5185 Edward.thacker@landsec.com

Disclaimer

Land Securities Group plc published this content on 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 14:44:04 UTC

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