Holding(s) in Company

British Land Co PLC
24 July 2002





The British Land Company PLC ("the Company") announces that on 23 July 2002 it
received four notifications from Credit Suisse First Boston Equities Limited ("
CSFB") pursuant to sections 198-202 of the Companies Act 1985 (the "Act").
Details of these disclosures of interest by CSFB are as follows:

On 9 July 2002, CSFB acquired an interest in ordinary shares of the Company ("
shares") that resulted in it holding a total of 19,929,726 shares, equivalent to
approximately 3.85% of the issued share capital of the Company.  It has
transferred from time to time 15,010,000 of these shares to a third party on
terms which gives it the right to require the return of an equivalent number of
shares and, accordingly, its interest in 15,010,000 shares is pursuant to
section 208(5) of the Act.

On 10 July 2002, CSFB acquired an additional interest in 12,025,933 shares that
resulted in it holding a total of 31,955,659 shares equivalent to approximately
6.17% of the issued share capital of the company.  It has transferred from time
to time 31,352,989 of these shares to a third party on terms which gives it the
right to require the return of an equivalent number of shares and, accordingly,
its interest in 31,352,989 shares is pursuant to section 208(5) of the Act.

On 12 July 2002, CSFB acquired an additional interest in 9,681,619 shares that
resulted in it holding a total of 41,637,278 shares equivalent to approximately
8.04% of the issued share capital of the Company.  It has transferred from time
to time 40,614,231 of these shares to a third party on terms which gives it the
right to require the return of an equivalent number of shares and, accordingly,
its interest in 40,614,231 shares is pursuant to section 208(5) of the Act.

On 22 July 2002, CSFB disposed of 2,357,693 shares that resulted in it holding a
total of 39,279,315 shares equivalent to approximately 7.58% of the issued share
capital of the Company.  It has transferred from time to time 36,764,231 of
these shares to a third party on terms which gives it the right to require the
return of an equivalent number of shares and, accordingly, its interest in
36,764,231 shares is pursuant to section 208(5) of the Act.

CSFB is a member of the Credit Suisse First Boston group of companies.  Those
group companies which are direct or indirect holding companies of CSFB are each
interested by attribution in any shares in which CSFB is interested.






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