Directors' Dealings

BRITISH LAND COMPANY PLC
2 September 1999

THE BRITISH LAND COMPANY PLC ANNOUNCES THE FOLLOWING CONDITIONAL AWARDS OF THE
COMPANY'S ORDINARY SHARES OF 25 PENCE EACH

DIRECTOR                           NUMBER OF SHARES

S ADAM                             40,000
R E BOWDEN                         40,000
J H RITBLAT                        100,000
N S J RITBLAT                      60,000
J H WESTON SMITH                   50,000


These awards were made pursuant to a recommendation of the Company's
remuneration committee, on 1st September 1999.

The awards are made under the Company's restricted share plan, which was
approved by shareholders at the 1997 Annual General Meeting.  Awards are held
in trust for a normal minimum retention period of three years and lapse after
five years.  Shares are only released on achievement of a performance target
set on advice from Bacon & Woodrow, consultant actuaries, and following
consultation with the Association of British Insurers and the National
Association of Pension Funds.