Director/PDMR Shareholding

RNS Number : 3797O

British Land Co PLC

05 March 2009

The British Land Company PLC (Company) announces that on 4th March 2009, Mr. Chris Grigg, Chief Executive of the Company, purchased 242,500 ordinary shares of 25p each in the Company (Shares) at an average price of 326p per Share.

Following that purchase, on 4th March 2009, a conditional award of 242,500 Shares was made to Mr. Grigg under the Company's 2009 Co-Investment Share Plan. These Shares will vest, without payment, on 12th January 2012 (the third anniversary of the commencement of Mr. Grigg's employment with the Company), subject to satisfying the conditions of the Plan. These include requirements for Mr. Grigg to remain in service with the Company, and to retain the 242,500 Shares acquired on 4th March 2009, until the vesting date.