Director Shareholding

British Land Co PLC
18 January 2005

The British Land Company PLC announces that on 17th January 2005, 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 877.5 pence per share;


Sir Derek Higgs                                        171
Lord Burns                                             171
Dr C Gibson-Smith                                      689
Mr D Michels                                           740



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.



18th January 2005


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