Director Shareholding

British Land Co PLC
01 October 2003


The British Land Share Ownership Plan purchased 290,000 ordinary shares of The
British Land Company PLC  (the 'Company') at 496.9943 pence per share on 30th
September 2003.

The British Land Share Ownership Plan is a discretionary trust established for
the benefit of employees, including executive directors, of The British Land
Company PLC, to facilitate the operation of its share incentive schemes.
Executive directors 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.


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