Holding in Company

British Land Co PLC
17 September 2001


The British Land Company PLC announces that it received notification on 17th
September 2001, pursuant to sections 198-202 of the Companies Act 1985, that
Merrill Lynch Investment Managers Limited's aggregate interest in the Company
is 52,234,306 ordinary 25p shares, representing 10.07% of the issued share
capital of the Company.





This aggregate interest is made up as follows:


Registered Holder                                     Number of shares


Nutraco Nominees Limited                                  33,683,029

(Designated & Undesignated)


Merrrill Lynch Pensions Nominees Limited                     899,212

A/C NONCERT


Merrill Lynch Pensions Nominees Limited                      107,395

A/C LOGICA


Stamford Nominees Limited                                     11,000

(Designated & Undesignated)


Stamford Nominees Limited                                     36,000

A/C CHARTY


Treasury of the Government of the Isle of Man                157,388

A/C 5


Treasury of the Government of the Isle of Man                 69,000

A/C 10


Chase Nominees Limited                                     2,664,543


Nortrust Nominees Limited                                  1,984,065


State Street Nominees Limited                                122,222


Mss Nominees Limited                                         304,209


RBSTB Nominees Limited                                     1,445,419


Other Names                                               10,750,824


Total                                                     52,234,306