Director Shareholding

British Land Co PLC
16 June 2005


Notification of monthly investment in the British Land Share Incentive Plan
('SIP')

Hill Samuel ESOP Trustees Limited (the 'Trustees'), Trustees of the British Land
SIP, have notified the Company that they purchased on 14th June 2005 a total of
7,053 ordinary 25p shares at a price of 897.5 pence per share under the
'Partnership' and 'Matching' element of the Company's SIP. Under the terms of
the SIP each eligible participating employee can contribute from monthly salary
to purchase 'Partnership Shares', and the Company matches this by awarding two
'Matching Shares' for every one 'Partnership Share' purchased by participating
employees. The SIP has been approved by the Inland Revenue as a share incentive
plan under Schedule 8 of the Finance Act 2000.

As participants in the SIP the executive directors named below are deemed to
have an interest in the shares held by the Trustees.

The Company also received notification from the Trustees, that of the above
shares acquired by the Trustees, the shares purchased on behalf of the Company's
executive directors were as follows:

Name              Number of Partnership Shares       Number of Matching Shares
                    acquired under the SIP             acquired under the SIP
J H Ritblat                 14                                28
J H Weston Smith            14                                28
N S J Ritblat               14                                28
R E Bowden                  14                                28
G C Roberts                 14                                28



16th June 2005.





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