Purchase

British Land Co PLC
9 May 2002

                                                                      9 May 2002







                      ADDITIONAL LAND AT MEADOWHALL

The British Land Company PLC has purchased five freehold sites, in all 43.7
acres, adjacent to the Meadowhall Shopping Centre.  The vendor was Stadium
Limited and the consideration was £13.75 million.


This purchase is made as an early exercise of all the options that British Land
acquired in the original contract to purchase the Meadowhall complex and this
consolidates British Land's ownership and control of the surrounding land to
Meadowhall.  The land is currently used for overflow car parking during peak
periods and will continue to be used for this purpose, pending assessment of
development opportunities.


Part of the consideration is payable by way of sponsorship by British Land of
the Sheffield Sports Arena project, up to a maximum of £2.5 million.



The total land area is 1.42 million square feet - 107 acres including the
shopping centre.







Contacts



The British Land Company PLC:

   J H Weston Smith, Director                Tel:  [phone]

   R E Bowden, Director                      Tel:  [phone]



Finsbury:

   Edward Orlebar                            Tel: [phone]







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