Directors' Interests

British Land Co PLC
8 December 2000


The British Land Company PLC announces the following conditional awards of the
Company's ordinary shares of 25 pence each.

The awards are made under the Company's restricted share plan, which was
approved by shareholders in 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. 

DIRECTOR                        NUMBER OF SHARES

S ADAM                          75,000
R E BOWDEN                      75,000 
J H RITBLAT                     150,000 
N S J RITBLAT                   75,000
J H WESTON SMITH                75,000

These awards were made pursuant to a recommendation of the Company's
remuneration committee, on 8th December 2000.