Acquisition

British Land Co PLC
20 April 2005





                                                                 20th April 2005

BRITISH LAND ACQUIRES OUTSTANDING 50% INTEREST IN BL WEST COMPANIES

The British Land Company PLC has obtained 100% ownership of the BL West joint
venture companies by buying for £50m shares owned by WestLB AG, Westdeutsche
ImmobilienBank and Provinzial Rheinland Versicherung AG Die Versicherung der
Sparkassen. The purchase was funded from British Land's existing cash resources.

The BL West companies were established in September 2000 owning a portfolio of
four City office properties with the intention of ending the venture in 2005.
Two of these properties were sold in April 2004 and the remaining properties at
1 and 10 Fleet Place, Ludgate, EC4 are thus now owned by British Land.


CONTACTS

The British Land Company PLC:

Bob Bowden                                 Tel: [phone]
Property Investment Director               Fax: [phone]
                                           Email: [e-mail]

John Weston Smith                          Tel: [phone]
Chief Operating Officer                    Fax: [phone]
                                        Email: [e-mail]

Finsbury:

Edward Orlebar                             Tel: [phone]
                                           Fax: [phone]
                                           Email: [e-mail]



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