Notice of Amendment

British Land Co PLC
08 August 2006

8 August 2006


The British Land Company PLC Announces Amendments to Consent Solicitations for
its Existing 2019/24 Debentures


THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF YOU ARE IN
ANY DOUBT ABOUT THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT IMMEDIATELY YOUR
STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER
AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000.


THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER
TO BUY OR SUBSCRIBE FOR SECURITIES.


                                     NOTICE

                  to the respective holders of the outstanding


 £12,561,841 10 1/2 per cent. First Mortgage Debenture Stock due 2019/24 (the "
                      Existing First 2019/24 Debentures")

 £20,381,170 11 3/8 per cent. First Mortgage Debenture Stock due 2019/24 (the 
"Existing Second 2019/24 Debentures", and together with the Existing First 2019/
                24 Debentures the "Existing 2019/24 Debentures")
                                    issued by


                          THE BRITISH LAND COMPANY PLC

(incorporated with limited liability in England and Wales with registered number
                                    621920)


NOTICE IS HEREBY GIVEN, pursuant to the consent solicitation document dated 21
July 2006 addressed by The British Land Company PLC ( "British Land") to,
amongst others, the holders of its Existing 2019/24 Debentures (the "Consent
Solicitation Document") and referred to in the Notice of Meetings dated 21 July
2006, that British Land is exercising its right to amend the Existing Debenture
Spreads for the Existing 2019/24 Debentures as follows:


Security                                                 Current Existing Debenture      New Existing Debenture
                                                                   Spread                        Spread

Existing First 2019/24 Debentures                                   1.00%                        0.95%
Existing Second 2019/24 Debentures                                  1.00%                        0.95%



The Early Submission Deadline, the Revocation Deadline and the Expiration Date
remain as stated in the Consent Solicitation Document.


Further, any holder of the Existing 2019/24 Debentures which on or prior to the
Revocation Deadline amends (rather than revokes) its voting instructions
contained in an Instruction delivered on or prior to the Early Submission
Deadline will still be entitled to receive the Early Submission Fee.  Any holder
of an Existing 2019/2024 Debenture who has already submitted an Instruction and
who wishes to change that Instruction should contact Lloyds TSB Registrars,
ATTN: Team Lane Corporate Actions, by phone (tel. [phone] in the UK or +44
1903 276 342 international) and leave their name and phone number to obtain a
further form of Instruction.



Capitalised terms used in this Notice but not otherwise defined have the same
meanings as given to them in or pursuant to the Consent Solicitation Document.



This Notice is given by The British Land Company PLC.


Enquiries:


The British Land Company PLC

Graham Roberts, Finance Director                          Tel: [phone]

Peter Clarke, Executive Officer                           Tel: [phone]



The Royal Bank of Scotland

Robert St. John, Managing Director                        Tel: [phone]

Andrew Burton, Head of Liability Management               Tel: [phone]



UBS Investment Bank

Andrew Dennis, Executive Director                         Tel: [phone]

Duane Hebert, Executive Director                          Tel: [phone]



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