Director/PDMR Shareholding

British Land Co PLC 30 November 2007 The Company announces that it received notification yesterday from the Trustees of The British Land Share Ownership Plan (the 'Trust') that on 29 November 2007 the Trust released 246,992 ordinary 25p shares of the Company to participants in the Company's Long-Term Incentive Plan (the 'Plan'), pursuant to an award made on 29 November 2004, which vested on attainment of the performance target. The Trust is a discretionary Trust established for the benefit of employees, including Executive Directors and Persons Discharging Managerial Responsibilities of the Company, to facilitate the operation of its share incentive schemes. Executive Directors and Persons Discharging Managerial Responsibilities of the Company who are participants in these schemes are consequently considered to be interested in the shares held by the Trust, as discretionary beneficiaries. The Trust also notified the Company yesterday that, of the above shares released by the Trust, some were released to Executive Directors and Persons Discharging Managerial Responsibilities of the Company as shown in the table below. 245,058 options awarded on 29 November 2004 under this Plan also vested yesterday, on attainment of the performance target, for Executive Directors and Persons Discharging Managerial Responsibilities as shown in the table below: Shares at nil consideration Options at 796p per share Director Stephen Hester 56,532 169,596 Tim Roberts 6,218 18,654 PDMR Tony Braine 6,359 19,077 Peter Clarke 6,218 18,654 Nigel Webb 6,359 19,077 Following this vesting, on 29 November 2007, Stephen Hester sold 23,179 shares, Tim Roberts sold 2,550 shares, Tony Braine sold 2,608 shares, Peter Clarke sold 6,218 shares, and Nigel Webb sold 2,608 shares all at a price of 896.6754p per share. Also on 29 November 2007 the Trust released 61,957 shares to Stephen Hester, awarded on 29 November 2004 under the Co-Investment Share Plan. These shares had been awarded on his appointment to the Company to compensate him for loss of previous benefits, were conditional on the prior acquisition by him of a matching number of shares and their subsequent retention for three years and that he remained in employment with the Company in this period. Subsequent to the vesting of these shares, on 29 November 2007, Stephen Hester sold 25,403 shares at a price of 896.6754p per share. 30 November 2007. This information is provided by RNS The company news service from the London Stock Exchange
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