Director Shareholding

British Land Co PLC
08 October 2002


The British Land Company PLC announces that on 7th October 2002, Mr D A Higgs
and Lord Burns, Directors of the Company, were each allotted 335 shares of 25p
each in the Company at a price of 447 pence per share.


These shares have been allotted pursuant to their standing instructions to
receive shares as part satisfaction of their annual directors' fees.

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