Holding in Company

British Land Co PLC
14 February 2001

The British Land Company PLC announces that it received notification on 14th
February 2001, pursuant to sections 189-202 of the Companies Act 1985, that
Schroders plc has an aggregate interest of 61,949,063 ordinary shares in the
Company, representing 11.95% of the issued share capital of the Company.

Included in this holding are 55,232,253 shares held in portfolios managed by
Schroder Investment Management Limited registered as follows:

Registered Holders:                                      Number of shares held: 

Schroder Nominees Limited                                            21,833,012
Chase Nominees Limited                                                8,731,594
Banque International, Luxembourg                                        125,794
Bank of England Nominees Ltd                                              2,700
Bank of Iceland                                                          12,000
ABN Amro Bank, NV                                                       203,000
Bath Street Nominees Limited A/C: 50016/1                                 9,800
Dresdner Bank AG                                                         53,960
BHF Bank Bockenheimer                                                    30,000
BT Globenet Nominees Limited a/c: 6B                                  1,533,300
Chase Nominees Limited a/c: F02391                                    1,222,260
Chase Nominees Limited                                                4,471,148
Chase Manhattan Bank                                                    791,561
HSBC Bank International a/c: 10096301                                   135,000
Bank Nationale de Paris                                                  15,000
                                                                         

Morgan Nominees Limited 'A' a/c                                           8,766
                                                                          

Morgan Nominees Limited 'B' a/c                                         259,279
MSS Nominees a/c: 809955                                                176,000
MSS Nominees Limited a/c: 831286                                      1,015,469
Channel Nominees Ltd                                                      6,349
MSS Nominees Ltd A/C 766653                                             332,000
MSS Nominees Limited a/c: 767412                                         59,000
                                                                         

MSS Nominees Limited a/c: 846435                                        101,792
MSS Nominees Limited a/c: 809803                                        222,966
MSS Nominees Ltd a/c: 756593                                            159,671
MSS Nominees Ltd a/c: 809797                                            194,448
Nutraco Nominees Limited                                                280,000
Nortrust Nominees Limited a/c: SRC13                                     40,379
Nortrust Nominees Limited                                             4,123,238
RBSTB Nominees Limited a/c : ECC                                        263,000
RBSTB Nominees Ltd a/c: AAUKPS                                           94,000
Schroder Executor & Trustee Co. Limited                                 227,085
RBSTB Nominees Limited                                                1,569,800
Morgan Nominees Ltd A/C GRL                                             155,000
RBS Trust Bank Nominees Ltd a/c: SUNPEN                                   4,500
                                                                          

RBSTB Nominees Limited a/c: ESPSBEB                                     672,771
Pictet & Cie                                                            225,000
Nutraco Nominees Limited a/c : GWPPMPS                                  125,000
Nutraco Nominees Limited a/c : GWPPCIF                                  438,900
State Street Nominees Limited                                           774,525
State Street Nominees Limited a/c: 5H57                                 500,000
State Street Nominees Limited a/c: JD19                                 800,000
State Street Nominees Limited a/c: 4L9Q                                 210,000
European Equities                                                        36,876
Global Equities                                                          37,500
Unibank Torvegade                                                        17,810
British Coal Superannuation Scheme (client) Nominees Ltd a/c: P       1,278,000
Mineworkers Pesnion Scheme (client) Nominees Ltd a/c: R                 578,000
MSS Nominees Limited A/C: 823666                                        295,000
MSS Nominees Limited A/C: 823654                                        780,000
Held by Schroders Offices Abroad: Hong Kong                              65,220


In addition Schroder Hermes manages 718,238 shares, Schroder Investment
Management North America Limited manages 1,528,520 shares and Schroder
Investment North America Inc manages 4,470,052.