Holding(s) in Company

British Land Co PLC
8 February 2002


The British Land Company PLC announces that it received notification on 7th
February 2002, pursuant to sections 198-202 of the Companies Act 1985, that
Merrill Lynch Investment Managers Limited's aggregate interest in the Company is
57,201,410 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                                  30,257,023
(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                                     4,607,441


Nortrust Nominees Limited                                  2,589,065


Bank of New York Nominees Limited                            609,747


RBSTB Nominees Limited                                     1,221,776


Junction Nominees Limited                                  4,176,168


MSS Nominees Limited                                         308,288


State Street Nominees Limited                                122,222


Brown Bros. Harriman Nominees Limited                        100,000


Gracechurch Street Nominees Limited                          727,027


BT Globenet Nominees Limited                                 179,700


Other Names                                               10,995,584


Total                                                     57,201,410



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