Director Shareholding

British Land Co PLC
31 May 2005


The British Land Company PLC has made the following conditional awards to
Executive Directors, of the Company's Ordinary Shares of 25p each under the
Company's Long Term Incentive Plan, pursuant to a recommendation of the
Company's Remuneration Committee, on 31st May 2005.


Director         Performance Shares at nil        Options -at 877p per
                    consideration                       share
S A M Hester           51,311                           153,933
N S J Ritblat          35,559                           106,676
R E Bowden             46,294                           69,441
G C Roberts            28,221                           84,663

The above performance shares conditionally vest on their third anniversary of
grant. The options are conditionally exercisable from the third until the tenth
anniversary of grant.

31st May 2005.



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