Holding(s) in Company

British Land Co PLC
14 January 2003

The British Land Company PLC announces that it received the following
notification on 14th January 2003 pursuant to sections 198-202 of the Companies
Act 1985:


That Scottish Widows Investment Partnership Ltd is interested in 15,113,196
ordinary shares of 25p each, representing 3.026% of the total issued ordinary
share capital of the Company.

This notification is made on behalf of Lloyds TSB Group plc, Lloyds TSB Bank plc
and Scottish Widows Group Limited who were also deemed to be interested in these
shares.

The registered holders of those shares are as follows:

Registered Holder                                     Number of Shares

State Street Nominees Ltd A/C XBY2                    2,014,800
State Street Nominees Ltd A/C XBY3                    118,285
State Street Nominees Ltd A/C W36A                    181,998
State Street Nominees Ltd A/C W32L                    497,102
State Street Nominees Ltd A/C W3L2                    27,200
State Street Nominees Ltd A/C W33H                    1,420,464
State Street Nominees Ltd A/C XBJ2                    1,509,297
State Street Nominees Ltd A/C XBJ3                    41,800
State Street Nominees Ltd A/C W3J3                    674,367
State Street Nominees Ltd A/C W3I8                    51,554
State Street Nominees Ltd A/C XBP7                    123,900
State Street Nominees Ltd A/C XBY4                    1,049,900
State Street Nominees Ltd A/C W39Q                    39,025
State Street Nominees Ltd A/C XBY5                    22,200
State Street Nominees Ltd A/C W33B                    323,250
State Street Nominees Ltd A/C W39N                    511,565
State Street Nominees Ltd A/C W36U                    420,225
State Street Nominees Ltd A/C XBK6                    987,958
State Street Nominees Ltd A/C XBS8                    4,895
State Street Nominees Ltd A/C W39F                    5,093,411


Total = 15,113,196


                      This information is provided by RNS
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