Director Shareholding

British Land Co PLC
24 August 2004


Notification of 'Dividend' Share Purchase in the British Land Share Incentive
Plan ('SIP).


On 23rd August 2004 Hill Samuel ESOP Trustees Limited (the 'Trustees'), Trustees
of the British Land SIP, notified the Company that they had purchased on 20th
August 2004 a total of 3,354 ordinary 25p shares at a price of  700.58 p per
share under the 'Dividend' element of the Company's SIP.   Under the terms of
the SIP net dividends paid on the 'Free', 'Partnership', 'Matching' and '
Dividend' shares held by the Trustees on behalf of eligible participating
employees, are used to purchase further 'Dividend' shares for each eligible
participating employee.  The SIP has been approved by the Inland Revenue as a
share incentive plan under Schedule 8 of the Finance Act 2000.

As participants in the SIP the executive Directors named below are deemed to
have an interest in the shares held by the Trustees.

The Company also received notification from the Trustees, that of the above
shares acquired by the Trustees, the shares purchased on behalf of the Company's
executive directors were as follows:


Name                           Number of Dividend shares acquired under the SIP
J H Ritblat                    21
J H Weston Smith               21
N S J Ritblat                  21
R E Bowden                     21
G C Roberts                    21




24th August 2004



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