Director Shareholding

British Land Co PLC
01 March 2005


The British Land Company PLC announces that Mr N S J Ritblat, a director of the
Company, exercised his options on 1st March 2005, under the Company's Save as
you Earn Share Option Scheme, over the following number of Ordinary Shares of
25p each of the Company, at a price of 377p per share:

Name                      Number of shares             Exercise period
N S J Ritblat                   1,007                  1.3.05 - 31.8.05

1st March 2005






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