Poly(L-lactic acid) (PLLA) is a bio-degradable polyester which exhibits brittle behaviour due to relatively fast physical ageing of the amorphous phase. This work describes the effects of thermal rejuvenation and molecular orientation of the amorphous phase on this physical ageing process. Uniaxial compression testing showed that physical ageing of the amorphous phase increases the yield stress and the associated strain softening response, both contributing to the observed embrittlement of PLLA in tension. Molecular orientation at constant crystallinity was applied by uniaxial and biaxial plastic deformation just above the glass transition temperature, up to plastic strains of 200% to avoid strain-induced crystallisation. Using stress-relaxation experiments combined with tensile testing, both as a function of ageing time, it is shown that both uniaxial and biaxial plastic deformation in excess of 150% plastic strain, decelerates and possibly prohibits the physical ageing process. The oriented monofilaments and films have improved mechanical properties such as stiffness, strength and strain-to-break, which were not affected by physical ageing during the whole testing period (40 days). In addition, plastic deformation to higher draw ratios and/or higher temperatures strongly enhanced crystallinity and resulted in PLLA monofilaments and films that also exhibited tough behaviour, not affected by physical ageing.