Issue & Restructuring of Debt

British Land Co PLC
26 July 2006

                          THE BRITISH LAND COMPANY PLC


FORMAL NOTICE FOR SPECIALIST SECURITIES
PUBLICATION DATE: 26th July 2006


The British Land Company PLC:


£200m 9.375% First Mortgage Debenture Stock due March 2028 (the "Existing 2028
Debentures")

£250m 8.875% First Mortgage Debenture Bonds due September 2035 (the "Existing
2035 Debentures")

£12.6m 10.5% First Mortgage Debenture Stock due September 2019/24 (the "Existing
First 2019/24 Debentures")

£20.4m 11.375% First Mortgage Debenture Stock due September 2019/24 (the 
"Existing Second 2019/24 Debentures", and together with the Existing First 2019/
24 Debentures the "Existing BL 2019/24 Debentures")


In connection with its notice dated 21 July 2006, The British Land Company PLC
("British Land") confirms that:

     (i)   the Consent Solicitation Document published by British Land and 
           by BL Universal PLC is available for inspection at the Document 
           Viewing Facility at the Financial Services Authority, 25 The North
           Colonnade, London E14 5HS, and

    (ii)   copies of the Consent Solicitation Document are available for 
           collection at the specified office of the Principal Paying Agent 
           and the Registrar for the relevant series of debentures and at 
           the specified office of each of the Solicitation Agents in each 
           case as set out below.

The Solicitation Agents:

The Royal Bank of Scotland at 135 Bishopsgate, London EC2M 3UR, Tel: +44 (0) 20
7085 3205.

UBS Investment Bank at 100 Liverpool Street, London EC2M 2RH, Tel: +44 (0) 20
7567 7480.

The Principal Paying Agent (in respect of the Existing 2028 Debentures and the
Existing 2035 Debentures):

JPMorgan Chase Bank, N.A. at Trinity Tower, 9 Thomas More Street, London E1W
1YT, Tel: [phone]/5770 or by email to [e-mail].

The Registrar (in respect of the Existing 2028 Debentures and the Existing 2035
Debentures):

Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU.

The Registrar (in respect of the Existing BL 2019/24 Debentures):



Lloyds TSB Registrars, The Causeway, Worthing, West Sussex BN99 6DA, Tel: +44
(0) 870 609 2158.




                      This information is provided by RNS
            The company news service from the London Stock Exchange