Director Shareholding

British Land Co PLC
09 October 2003


The British Land Company PLC announces that on 7th October 2003, Mr D A Higgs,
Lord Burns and Mr C Gibson-Smith, Directors of the Company, were allotted the
following number of shares of 25p each in the Company, at a price of 504.25
pence per share;


Mr D A Higgs                   297

Lord Burns                     297

Mr C Gibson-Smith            1,317


The shares allotted to Mr D A Higgs and Lord Burns were pursuant to their
standing instructions to receive shares as part satisfaction of their annual
directors' fees.  The shares allotted to Mr C Gibson-Smith were pursuant to his
standing instruction to receive shares as total satisfaction of his annual
director's fees.



9th October 2003


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