Substantial Interest

British Land Co PLC 17 July 2000 The British Land Company PLC announces that it received notification today, under the Companies Act 1985, section 198, that the interest of Schroder Investment Management Limited and its subsidiaries and affiliated companies in the ordinary share capital of the Company is 73,048,681 shares, representing 14.1% of the total issued share capital. By virtue of section 203 Schroders plc are also deemed to be interested in the above shares.
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