Re AGM Resolution

British Land Co PLC
17 May 2002

                                                                  17th May, 2002


                              ANNUAL GENERAL MEETING 2002


The Board of The British Land Company PLC announces that it has received a
further letter from a Director of LIL Investments No. 1 Limited, a company based
in the Isle of Man, enclosing a requisition notice requiring a further
resolution in the form below to be placed before shareholders at the Company's
Annual General Meeting.  The Board has noted the proposal and intends to publish
its response in advance of the AGM, expected to be held in July.


                              "ORDINARY RESOLUTION

THAT the directors of the Company are urged to formulate proposals to be put to
the ordinary shareholders of the Company by which they are presented with an
option that a substantial proportion of the long term investment assets of the
Company are managed under contract by professional property managers."



Contacts

The British Land Company PLC:
John Ritblat, Chairman and Chief Executive      tel: [phone]
John Weston Smith, Chief Operating Officer      tel: [phone]


Finsbury:
Edward Orlebar                                  tel: [phone]

                                                     
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