Director Shareholding

British Land Co PLC
29 August 2003

The British Land Company PLC received notification today that on 26th August
2003 the Directors listed below were allocated Ordinary Shares of 25p each in
the Company at a price of 502.5p per share.



The shares were allocated under the 'Free Share' element of the Company's Share
Incentive Plan ('SIP'), which has been approved by the Inland Revenue under
Schedule 8 of the Finance Act 2000.




Name                                                 No. of  shares awarded
J H Ritblat                                           597
J H Weston Smith                                      597
N S J Ritblat                                         597
R E Bowden                                            597
G C Roberts                                           597





29th August 2003




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