Holding(s) in Company

British Land Co PLC
13 May 2002



The British Land Company PLC announces that it received notification on 13th May
2002, pursuant to sections 198-202 of the Companies Act 1985, that Merrill Lynch
Investment Managers Limited's aggregate interest in the Company is 56,717,475
ordinary 25p shares, representing 10.94% of the issued share capital of the
Company.





This aggregate interest is made up as follows:


Registered Holder                                            Number of shares


Nutraco Nominees Limited                                       27,277,737
(Designated & Undesignated)


Treasury of the Government of Isle of Man                      275,388
A/C 5


Treasury of the Government of Isle of Man                      121,500
A/C 10


Stamford Nominees Limited                                      11,000




Merrill Lynch Pension Nominees Limited                         1,206,346
A/C Noncert


Stamford Nominees Limited                                      36,000
A/C Charty


Chase Nominees Limited                                         6,067,119


Nortrust Nominees Limited                                      2,237,165


Bank of New York Nominees Limited                              618,247


RBSTB Nominees Limited                                         1,221,776


Junction Nominees Limited                                      5,094,068


MSS Nominees Limited                                           306,390


State Street Nominees Limited                                  278,777


29 Gracechurch Street Nominees Limited                         748,827


Other Names                                                    11,217,135


Total                                                          56,717,475













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