Holding in Company

British Land Co PLC
6 March 2001



The British Land Company PLC announces that it received notification  on 6th
March 2001, pursuant to section 198-202 of the Companies Act 1985, that
Merrill Lynch Investment Managers Limited's (MLIM') aggregate interest in the
Company is 56,379,151 ordinary shares, which represents 10.88% of the issued
share capital of the Company.

This aggregate interest is made up as follows:


Registered Holder                             Number of Shares

Nutraco Nominees Limited                      44,836,511
(Designated & Undesignated)

Merrill Lynch Pensions Nominees Limited       399,661
A/C NONCERT       

Merrill Lynch Pensions Nominees Limited       102,763
A/C LOGICA

Stamford Nominees Limited                     47,000
(Designated & Undesignated)

Nortrust Nominees Limited                     2,191,134 
(Designated & Undesignated)

State Street Nominees Limited                 185,309
A/C 4K4E

MSS Nominees Limited                          302,500

RBSTB Nominees Limited                        1,533,238

29 Gracechurch Street Nominees Limited        983,966
Other Name(s)

Chase Nominees Limited                        3,071,205

Other Names                                   2,725,864

Total                                         56,379,151