Interest in Shares

British Land Co PLC
3 August 2001


The British Land Company PLC announces that it received notification today,
pursuant to sections 198-202 of the Companies Act 1985, that Scottish Widows
Investment Partnership Ltd, has the following notifiable interest in the
Company's ordinary 25p shares:

Registered Holder                        No. of shares 
State Street Nominees Limited A/c XBY2 - 2,014,800
State Street Nominees Limited A/c XBY3 - 144,822
State Street Nominees Limited A/c W32L - 504,682
HSBC Global Custody Nominees (UK) Limited - 27,200
State Street Nominees Limited A/c W33H - 1,307,387
State Street Nominees Limited A/c XBJ2 - 1,366,900
State Street Nominees Limited A/c XBJ3 - 31,965
State Street Nominees Limited A/c W3J3 - 727,300
State Street Nominees Limited A/c W318 - 51,085
State Street Nominees Limited A/c XBP7 - 123,900
State Street Nominees Limited A/c XBY4 - 1,226,400
State Street Nominees Limited A/c XBY5 - 37,300
State Street Nominees Limited A/c W33B - 264,800
State Street Nominees Limited A/c W36U - 465,343
State Street Nominees Limited A/c XBK6 - 968,908
C O Nominees Limited                     4,900
State Street Nominees Limited A/c W39Q - 41,500
State Street Nominees Limited A/c W39N - 583,700
State Street Nominees Limited A/c W36U - 0
State Street Nominees Limited A/c W39F - 5,713,151

Total                                    15,606,043


This represents 3.011% of the relevant share capital.

This notification is made on behalf of Lloyds TSB Group plc, Lloyds TSB Bank
plc and Scottish Widows Group Limited who are deemed to be interested in these
shares as, like Scottish Widows Investment Partnership, they are all companies
within the Lloyds TSB Group of Companies.