Transaction in Own Shares

British Land Co PLC
14 December 2007

The British Land Company PLC announces that it has purchased the following
number of its ordinary shares of 25p each on the London Stock Exchange.


Date of purchase:                                       14 December 2007

Number of ordinary shares purchased:                    150,000

Highest price paid per share:                           900p

Lowest price paid per share:                            886.0p

Average price per share:                                896.9645p

The Company intends to hold the purchased shares in treasury.

Following the purchase of these shares, the Company holds 10,666,245 of its
ordinary shares in treasury and has 511,274,679 ordinary shares in issue
(excluding treasury shares).

14 December 2007.




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