Holding(s) in Company

British Land Co PLC
31 January 2002

The British Land Company PLC announces that it received notification on 31st
January 2002, pursuant to sections 198-202 of the Companies Act 1985, that
Merrill Lynch Investment Managers Limited's aggregate interest in the Company is
57,167,379 ordinary 25p shares, representing 11.03% of the issued share capital
of the Company.

This aggregate interest is made up as follows:

Registered Holder                                               Number of shares


Nutraco Nominees Limited                                        30,232,803
(Designated & Undesignated)

Treasury of the Government of Isle of Man                       157,388
A/C 5

Treasury of the Government of Isle of Man                       69,000
A/C 10

Stamford Nominees Limited                                       11,000

Merrill Lynch Pension Nominees Limited                          1,033,981
A/C Noncert

Stamford Nominees Limited                                       36,000
A/C Charty

Chase Nominees Limited                                          4,555,241

Nortrust Nominees Limited                                       2,369,065

Bank of New York Nominees Limited                               600,747

RBSTB Nominees Limited                                          1,221,776

Junction Nominees Limited                                       3,955,968

Other Names                                                     12,924,410

Total                                                           57,167,379.


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