Holding(s) in Company

British Land Co PLC
15 October 2002

THE BRITISH LAND COMPANY PLC

15th October 2002

The Board of The British Land Company PLC announces that, in response to a
Notice served under Section 212 of the Companies Act 1985, Laxey Partners
Limited notified the Company on 14th October 2002 that following the sale of
1,053,861 ordinary shares of 25p each, its interest had reduced to 14,767,439
ordinary shares of 25p each, representing 2.85% of the issued share capital.

Contacts

The British Land Company PLC:
John Weston Smith, Chief Operating Officer           tel: [phone]

Finsbury:
Faeth Birch                                          tel: [phone]



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