Director Shareholding

British Land Co PLC
06 October 2004

The British Land Company PLC announces that on 5th October 2004, Sir Derek
Higgs, Lord Burns, Dr C Gibson-Smith and Mr D Michels, Directors of the Company,
were allotted the following number of shares of 25p each in the Company, at a
price of 748.5 pence per share;


Sir Derek Higgs                                        200

Lord Burns                                             200
Dr C Gibson-Smith                                      611
Mr D Michels                                           512



The shares allotted to Sir Derek Higgs and Lord Burns were pursuant to their
standing instructions to receive shares as part satisfaction of their annual
directors' fees.  The shares allotted to Dr C Gibson-Smith and Mr D Michels were
pursuant to their standing instructions to receive shares as total satisfaction
of their annual directors' fees.



6th October 2004


                      This information is provided by RNS
            The company news service from the London Stock Exchange