Substantial Interest

British Land Co PLC
7 August 2000


The British Land Company PLC announces that it received notification on 3
August 2000, pursuant to sections 198-202 of the Companies Act 1985, that CGNU
plc and certain of its subsidiaries has the following notifiable interest:

CGNU plc: asset management companies:                   Holding

Hibernian Investment Managers Limited                   50,000
Morley Fund Management Limited                          9,451,039
Norwich Union Investment Management Limited             11,672,909
Norwich Union Life Insurance Ireland Limited            5,000

Total CGNU plc Holding                                  21,178,948

This represents 4.1% of the total issued ordinary share capital.