Monday 17 December 2012 – Media Release

Final Steel Beam Is Erected 37 Storeys Above Ground At London’s 20 Fenchurch Street

• Completion of the first phase of the building’s steel frame on schedule marks major construction milestone

• Half-tonne, 10m long beam signed by development partners and delivery team, cementing 20 Fenchurch Street’s position as the capital’s latest landmark

The construction of London’s latest landmark, 20 Fenchurch Street, reached a major milestone today as the last of 6,000 separate steel sections was put in place, joining over 8,200 tonnes of British steel which make up the unique flared structure of the building.

The installation completes the first phase of the tower’s superstructure on schedule and is a significant moment in the construction of the development, which is set to bring much needed new office space to a supply-constrained London market when it completes in just over 12 months.

The occasion was commemorated by executives from joint venture partners, Land Securities and Canary Wharf Group and the delivery team, who signed their names on the last ten metre beam at a ceremony on site today. The milestone comes just eight months after the first column was erected in April this year, and engineers have been working tirelessly to install the remaining sections using the latest sophisticated computer modelling.

The steel frame, which was entirely fabricated in the UK at factories in Bury, Scarborough and Wetherby, has been installed by Bury-based contractor, William Hare Structural Engineers. In addition to the major concrete and steel contracts being awarded to British businesses, the 38-storey building has also been applauded for making a contribution to social mobility in the capital by supporting over 3,000 jobs and also offering local people immediate advice on jobs and training opportunities in construction at a unique Employment Hub on site.

Moreover, today’s milestone comes in the same week that it was announced that the building will be powered by an ultra clean and efficient fuel cell technology. Supplied by FuelCell Energy Solutions, it is the first installation of its type in the City and supports London Mayor Boris Johnson’s ambitious carbon reduction targets, giving further evidence of 20 Fenchurch Street’s efficiency.

20 Fenchurch Street is one of London’s most eagerly anticipated development projects thanks to celebrated architect Rafael Viñoly’s innovative design. The 160m high building flares outwards from its base so that the larger floorplates are to be found at the higher storeys, delivering both impressive architecture and more efficient office space than many of its neighbours. When complete, 20 Fenchurch Street will contain over 28,000m3 of concrete, 13,000 tonnes of structural and reinforcing steel and approximately 33,000m2 of glass – an area equivalent to more than 4.5 football pitches. Progress is excellent with cladding for the building currently complete to 20 storeys, and concrete slabs complete to 34 storeys.

Colette O’Shea, Head of Development, Land Securities’ London portfolio, said: “We’re thrilled with how rapidly construction progressed since we first broke ground just under two years ago. It’s thanks to this great work that we are both on time and within budget, meaning we’ll be ready to bring much needed space to a supply-constrained market in spring 2014.

“We are seeing a strong endorsement of the location, design and efficiency of 20 Fenchurch Street as, with around 18 months until completion, we have already pre-let 23% to leading insurance and associated firms Ascot Underwriting Ltd., TokioMarine Kiln and Markel International, with a further 11% in solicitors’ hands.

“It’s cutting edge developments like 20 Fenchurch Street, which is innovative yet sympathetic to its historic surroundings, which are central to the City of London’s appeal as one of the world’s greatest business hubs.”

Cormac MacCrann, Executive Director of Canary Wharf Contractors Limited, said: “It’s exciting to see 20 Fenchurch Street making its mark on London’s skyline. Today’s achievement is a testimony to the huge collaboration which has taken place between the whole design team, Canary Wharf Contractors and William Hare. This announcement marks a significant milestone in the construction of this landmark tall building and the progress to date puts us in great shape to start the construction of the roof of the spectacular Skygarden at the top of the building.”

“The Sky Garden will provide an impressive catering operation for tenants, the public and members of the business community, offering unrivalled panoramic views of London.”

ENDS

For further information, please contact:

Rob Bartlett / Ellie Joyce
Blue Rubicon on behalf of Land Securities
Tel: 020 7260 2700
landsecurities@bluerubicon.com

John Garwood / Hamish McDougall
Canary Wharf Group plc
Tel: 020 7418 2326
hamish.mcdougall@canarywharf.com

Donal McCabe
Land Securities Group plc
Tel: 020 7024 5460/ 5411
Donal.McCabe@landsecurities.com

Notes to Editors

About 20 Fenchurch Street, EC3, London:

• 20 Fenchurch Street is being jointly developed by Land Securities and Canary Wharf Group. Canary Wharf Contractors Limited, a wholly owned subsidiary of Canary Wharf Group, has been appointed as Construction Manager.

• Construction of 20 Fenchurch Street, EC3 officially started on Tuesday 18 January 2011.

• The building’s architect is Rafael Viñoly. The building spectacularly flares outwards from a narrow base. It is topped by a skygarden.

• When complete, the 525ft, 38 storey, 690,000 sq ft building will provide world class office space, with each floor offering 360° of unrivalled views.

• The building will bring Grade A office space to a supply constrained central London market of 2014, as more and more leases are expected to expire or see breaks potentially exercised during the next four years.

• The floor plates will range from 14,000 – 28,000sq ft, providing both flexible high specification accommodation with the larger floor plates on the higher floors, appealing to a wide range of prospective tenants.

About Canary Wharf Group plc

Canary Wharf Group plc is an integrated property development, investment and management group of companies. It is focussed on the design, construction, leasing and management of grade A office space and high-quality retail and leisure facilities in central London. Over the past 20 years the Group has regenerated derelict wharves into the Canary Wharf Estate, one of the world’s premier business and shopping districts, constructing over 15 m sq ft of office space; more than any other company in London. These buildings are occupied by 100,000 people.

The Group’s current projects away from Canary Wharf include the Shell Centre on the South Bank, which is a joint venture with Qatari Diar and 20 Fenchurch Street (Walkie Talkie) in the City of London, which is in a joint venture with Land Securities. These follow the successful completion of Pan Peninsula and Drapers Gardens.

Canary Wharf Group’s tenants, clients and occupiers include some of the world’s leading business organisations from the media, legal, accounting, financial services, IT, energy and transport sectors. Canary Wharf Group has also developed and successfully let over 200 shops, bars, cafes and restaurants including many of Britain’s leading brands.

Canary Wharf Group has been named one of the Sunday Times 60 Best Green Companies in the UK since 2008, was the Property Week Offices Developer of the Year 2010 and also won the Christie’s 2010 Award for Best Corporate Art Collection and Programme at the International Art and Work Awards.

www.canarywharf.com

About Land Securities London

Land Securities is the UK’s largest commercial property company and a member of the FTSE 100. The company owns and manages more than 29m sq ft of office, retail and residential space. Land Securities’ London portfolio includes landmark properties such as the world-renowned Piccadilly Lights and the Jean Nouvel-designed One New Change, which has re-established vibrant shopping in the heart of the Square Mile. Following the successful development of Cardinal Place in 2006, Land Securities has revealed ambitious plans to regenerate London Victoria during this next decade. Current and future Land Securities’ developments in the vicinity total over 1.5m sq ft, and include Wellington House, 62 Buckingham Gate, Kingsgate House and Victoria Circle. Land Securities is also building some of London’s most innovative mixed-use schemes including 20 Fenchurch Street, the City’s newest and most exciting skyscraper. www.landsecurities.com