Acquisition of Pillar

British Land Co PLC
28 July 2005


                                                                    28 July 2005

                       Acquisition of Pillar Property PLC


In respect of British Land Acquisitions Limited's (a wholly-owned subsidiary of
The British Land Company PLC) proposed acquisition of Pillar Property PLC by way
of scheme of arrangement as announced on 23 May 2005 and as approved by Scheme
Shareholders at the Court Meeting and by Shareholders at the Pillar EGM on 11
July 2005, the British Land Company PLC announces that the Court Order
confirming the Scheme has become effective.


Any term used but not defined in this announcement is as defined in the Scheme
document sent to Shareholders on 17 June 2005.


The British Land Company PLC also announces that Patrick Vaughan's appointment
as an Executive Director of the Company became effective from today. Mr Vaughan
was previously Chief Executive of Pillar Property PLC.


As required by section 9.6.13R of the Listing Rules, the Company announces that
Mr Vaughan does not have any details that are required to be disclosed under
this section, apart from under 9.6.13R (1) as follows:


He remains a Director of Pillar Property PLC which is now owned 100% by The
British Land Company PLC.


Enquiries:
Stephen Hester 0207 467 3503
Chief Executive


Edward Orlebar
Finsbury 0207 251 3801





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