Director/PDMR Shareholding

British Land Co PLC
13 December 2006


The Company announces that it received notification yesterday from the Trustees
of The British Land Share Ownership Plan (the 'Trust') that on 12th December
2006 the Trust released 257,250 ordinary 25p shares of the Company to
participants in the Company's Long-Term Incentive Plan (the 'Plan'), pursuant to
an award made on 12th December 2003, which vested on attainment of the
performance target. The Company also received notification from the Trust
yesterday that it purchased 240,000 ordinary 25p shares of the Company at a
price of 1566.5p per share.


The Trust is a discretionary Trust established for the benefit of employees,
including Executive Directors and Persons Discharging Managerial
Responsibilities of the Company, to facilitate the operation of its share
incentive schemes. Executive Directors and Persons Discharging Managerial
Responsibilities of the Company who are participants in these schemes are
consequently considered to be interested in the shares held by the Trust, as
discretionary beneficiaries.


The Trust also notified the Company yesterday that, of the above shares released
by the Trust, some were released to Executive Directors and Persons Discharging
Managerial Responsibility of the Company as shown in the table below. 90,000
options awarded on 12th December 2003 under this Plan also vested yesterday, on
attainment of the performance target, for Executive Directors and Persons
Discharging Managerial Responsibility as shown in the table below:

             Shares at nil              Options at 552p per
             consideration              share
Director

Tim Roberts  10,000                     30,000

PDMR

Tony Braine  10,000                     30,000

Peter Clarke 10,000                     30,000


Following this vesting, on 12th December 2006, Tony Braine sold 10,000 shares,
Peter Clarke sold 10,000 shares and Tim Roberts sold 4,100 shares, all at an
average price of 1551.3p per share.


Also, on 12th December 2006, Tony Braine exercised the above options over 30,000
shares, sold 25,492 of these shares at an average price of 1565.5p per share and
transferred 4,508 shares to his wife, Rosamund Braine, who sold those 4,508
shares at an average price of 1565.5p per share.


Also, on 12th December 2006, Peter Clarke exercised the above options over
30,000 shares, then sold 25,491 of these shares at an average price of 1565.5p
per share, and transferred 4,509 shares to his wife, Virginia Clarke, who sold
those 4,509 shares at an average price of 1565.5p per share.


13th December 2006



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