Holding in Company

British Land Co PLC
22 November 2000


The British Land Company PLC announces that it received notification on 21
November 2000, pursuant to sections 198-202 of the Companies Act 1985, that
Merrill Lynch Investment Managers Limited's ('MLIM') aggregate interest in
the Company is 57,881,042 ordinary 25p shares, which represents 11.17% of
the issued share capital of the Company.

This aggregate interest is made up as follows:


Registered Holder                         Number of Shares

Nutraco Nominees Limited                    47,072,810

(Designated & Undesignated)

Merrill Lynch Pensions Nominees Limited        454,799

A/C Noncert

Merrill Lynch Pensions Nominees Limited        102,763

A/C Logica



Stamford Nominees Limited                       36,000

A/C Charty



Other Names                                 10,214,670