Holding in Company

British Land Co PLC
22 May 2001

The British Land Company PLC announces that it received notification on 21st
May 2001 that, pursuant to sections 198-202 of the Companies Act 1985, ML
Invest plc, ML Invest Holdings Limited, ML Invest, Inc, Merrill Lynch Group
Inc., & Merrill Lynch & Co., Inc. (all holding companies of Merrill Lynch
Investment Managers Limited), no longer have a notifiable interest in the
Company.