Director Shareholding

British Land Co PLC
13 August 2001

The British Land Company PLC announces that the following directors of the
Company were allocated, on 10th August 2001, the following ordinary 25p shares
under this year's allocation of the Company's Employee Share Scheme, at a
price of 480p per share:

John Ritblat                                                1,667

C Metliss                                                   1,667

J H Weston Smith                                            1,667

N S J Ritblat                                               1,667

R E Bowden                                                  1,667