Director Shareholding

British Land Co PLC
09 July 2004

The British Land Company PLC announces that on 8th July 2004, Sir Derek Higgs,
Lord Burns, Dr C Gibson-Smith and Mr D Michels, Directors of the Company, were
allotted the following number of shares of 25p each in the Company, at a price
of 700 pence per share;


Sir Derek Higgs                                        214
Lord Burns                                             214
Dr C Gibson-Smith                                      660
Mr D Michels                                           807



The shares allotted to Sir Derek 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 Dr C Gibson-Smith and Mr D Michels were
pursuant to their standing instruction to receive shares as total satisfaction
of their annual directors' fees.



9th April 2004


                      This information is provided by RNS
            The company news service from the London Stock Exchange