British Land Co PLC
15 July 2002
15th July 2002
THE BRITISH LAND COMPANY PLC
NOTICE OF SUBSTANTIAL INTEREST
The Board of British Land announces that, in response to a Notice served under
Section 212 Companies Act 1985, Laxey Partners Limited ("Laxey") has replied
claiming that on 12th July 2002, it had an interest in 46,594,556 ordinary
shares of the Company, representing 9.0 per cent. of the issued share capital.
Its earlier response dated 9th July 2002 claimed an interest, at that date, in
15,134,556 ordinary shares representing 2.9 per cent.
British Land is seeking clarification and explanation of certain matters raised
in the notification of 12th July 2002 and previous responses given by Laxey to
Notices served under Section 212.
Notwithstanding that the Directors of British Land have not yet reached a
concluded opinion on the above matters, they have decided to allow all members
who wish to vote on the specific resolutions as set out in the Notice of Annual
General Meeting so to do.
The British Land Company PLC:
John Ritblat, Chairman tel: 020 7467 2831/2829
John Weston Smith, Chief Operating Officer tel: 020 7467 2899
Edward Orlebar ) tel: 020 7251 3801
Faeth Birch )
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