Director Shareholding

British Land Co PLC
15 June 2004



The British Land Share Ownership Plan purchased 195,696 ordinary shares of The
British Land Company PLC  (the 'Company') at an average price of 679 pence per
share on 14th June 2004.



The British Land Share Ownership Plan is a discretionary trust established for
the benefit of employees, including executive directors, of The British Land
Company PLC, to facilitate the operation of its share incentive schemes.
Executive directors 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.



15th June 2004.




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