Holding in Company

British Land Co PLC
24 January 2001


The British Land Company announces that it received notification today,
pursuant to sections 198-202 of the Companies Act 1985, that Schroders plc has
an aggregate interest of 67,174,620 ordinary shares in the Company,
representing 12.964% of the issued share capital of the Company.   

Included in this holding are 56,544,539 shares held in portfolios managed by
Schroder Investment Management Limited registered as follows:

Registered Holders:                                   Number of shares held:
Schroders Nominees Limited                            22,239,718
Chase Nominees Limited                                9,531,550
Banque International, Luxembourg                      125,794
Bank of England Nominees Limited                      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
Deutsche Bank                                         30,000
BHF Bank Bockenheimer                                 30,000
BT Globenet Nominees Limited                          1,533,300
Chase Nominees Limited a/c: F02391                    1,222,260
Chase Nominees Limited                                4,569,688
Chase Manhattan Bank                                  647,061
HSBC Bank International a/c: 10096301                 135,000
Bank Nationale de Paris                               20,000
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                       1,025,003
Channel Nominees Limited                              6,349
MSS Nominees Limited A/C 766653                       332,000
MSS Nominees Limited a/c 767412                       59,000
MSS Nominees Limited a/c 846435                       92,258
MSS Nominees Limited a/c 809803                       192,966
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 Limited A/C/ GRL                      155,000
RBS Trust Bank Nominees Limited  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                 538,900
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
Unibank Torvegade                                     73,550
British Coal Superannuation Scheme (client) 
 Nominees Limited a/c:P                               1,278,000
Mineworkers Pension 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 Office Abroad - Hong Kong           65,220

In addition Schroder Hermes manages 718,238 shares, Schroder Investment
Management North America Limited manages 1,852,520 shares and Schroder
Investment North America Inc manages 8,059,323 shares, all registered in the
name of Chase Nominees Limited.