British Land Co PLC
22 August 2005
Notification of 'Dividend' Share Purchase in the British Land Share Incentive
Plan ('SIP).
On 22nd August 2005 Hill Samuel ESOP Trustees Limited (the 'Trustees'), Trustees
of the British Land SIP, notified the Company that they had purchased on 19th
August 2005 a total of 4,868 ordinary 25p shares at a price of 847 p per share
under the 'Dividend' element of the Company's SIP. Under the terms of the SIP
net dividends paid on the 'Free', 'Partnership', 'Matching' and 'Dividend'
shares held by the Trustees on behalf of eligible participating employees, are
used to purchase further 'Dividend' shares for each eligible participating
employee. The SIP has been approved by the Inland Revenue as a share incentive
plan under Schedule 8 of the Finance Act 2000.
As participants in the SIP the executive directors and persons discharging
managerial responsibilities named below are deemed to have an interest in the
shares held by the Trustees.
The Company also received notification from the Trustees, that of the above
shares acquired by the Trustees, the shares purchased on behalf of the Company's
executive directors and persons discharging managerial responsibilities were as
follows:
Number of Dividend shares
acquired under the SIP
Directors
J H Ritblat 32
J H Weston Smith 32
N S J Ritblat 32
R E Bowden 32
G C Roberts 32
Persons Discharging Managerial Responsibilities
T A Roberts 32
A Braine 32
22nd August 2005.
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