Notice of AGM - Part 2

British Land Co PLC
14 June 2002


                        14th June 2002





The British Land Company PLC announces the posting to Shareholders of



  • The Report and Accounts for the year ended 31st March 2002


  • The Notice of the Annual General Meeting to be held on 16th July 2002


  • A Circular in response to three requisitions received from Laxey Partners.
    The full text of this Circular is appended.



In a joint letter to Shareholders the Chairman, John Ritblat, and the Deputy
Chairman, Derek Higgs, state:



"British Land has delivered excellent returns for Shareholders for more than 20
years as fashions elsewhere have come and gone.  Our long-term record stands
comparison with many of the UK's leading companies.



There is plenty more to come.  We cannot recall a time when there was a better
case to be an investor in commercial property.



We have set out our stall in this circular on equity capital, dividends and
buy-backs so there can be no doubts on this score going forward.  While scale
brings competitive advantage, it must always be secondary to the creation of
Shareholder Value.



We continue to attract new executive talent to what we believe is already the
strongest management team in the industry today.  Our Board, too, continues to
evolve and in order to achieve the best balance we intend to appoint additional
non-executive directors.  The non-executive directors have orderly succession
planning and continuity as one of their responsibilities."





See also Notes to Editors on next page.





Contacts



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

Finsbury:
      Edward Orlebar   )                                tel: [phone]
      Faeth Birch      )







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