Holding in Company

British Land Co PLC
10 November 2000

The British Land Company PLC announces that it received the following
notification on 9th November 2000 pursuant to sections 198-202 of the
Companies Act 1985:

That FMR Corp. (the parent company of Fidelity Management and Research Company
and Fidelity Management Trust Company) and Fidelity International Limited (the
parent company of Fidelity Investment Services Limited and Fidelity Pension
Management) are interested in 20, 506, 036 ordinary shares of 25p each of the
Company, which represents 3.96% of the total issued ordinary capital.

The company also received notice that Mr Edward C Johnson 3rd, the principal
shareholder of FRM Corp. and Fidelity International Limited, was also deemed
to be interested in those shares.

The registered holders of those shares are as follows:
Registered Holder                                               Number of
                                                                Shares
State Street Nominees Limited                                   4,150,070
Chase Nominees Limited                                          4,125,923
Lloyds Bank Nominees Limited                                    15,400
Clydesdale Bank (Head Office) Nominees Limited                  2,872,363
MSS Nominees Limited                                            7,189,300
Clydesdale Bank (Head Office) Nominees Limited                  215,100
RBS Trust Bank                                                  74,900
CITIBANK                                                        50,496
HSBC Client Holdings Nominee (UK) Limited                       398,800
Interests in Ordinary Shares arising from Interests in
convertible bonds:
Clydesdale Bank (Head Office) Nominees Limited                  1,190,471
MSS Nominees Limited                                            223,213
Total                                                           20,506,036