AGM 2002

British Land Co PLC
23 April 2002


                                                                23rd April 2002


Annual General Meeting 2002

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



Contacts

The British Land Company PLC:

J H Weston Smith, Chief Operating Officer              tel: [phone]
A Braine, Group Secretary                              tel: [phone]



Finsbury:

Edward Orlebar                                         tel: [phone]



Following is the text of the notice received on 22nd April 2002:


                                 "Stanley House
                                7-9 Market Hill
                                    Douglas
                                  Isle of Man
                                    IM1 2BF


The Board of Directors
The British Land Company PLC
10 Cornwall Terrace
Regent's Park
London
NW1 4QP
United Kingdom



22nd April 2002







Dear Sirs

We, the undersigned, being not less than 100 members holding ordinary shares of
25p each of The British Land Company PLC (the "Company") on which there has been
paid up an average sum, per member, of not less than £100, hereby require you,
in accordance with section 376 of the Companies Act 1985, to give to members of
the Company entitled to receive notice of the next annual general meeting notice
of the following ordinary resolutions being resolutions which may properly be
moved and are intended to be moved at that meeting:



ORDINARY RESOLUTIONS



1.             "THAT", in order to afford shareholders of the Company the
opportunity to consider and, if thought fit, approve proposals for the
repurchase of some of the ordinary share capital of the Company:



(A)         the directors of the Company are urged to formulate and then submit
to shareholders for approval, proposals under which the Company would invite all
ordinary shareholders to tender their shares for repurchase and cancellation by
the Company, and under which the Company will accept all such tenders (pro rata
to the number of shares tendered by each ordinary shareholder, subject to
modification to take account of any fraction which would otherwise arise)
subject to a maximum of 10 per cent. of all the Company's issued ordinary shares
at a price per ordinary share of either:



(i)   not less than 700p; or

(ii) an amount equal to 90 per cent. of the diluted net asset value per share;

     whichever is the higher;



(B)         the directors be urged to place such proposals before shareholders
no later than three months after the adoption of this resolution; and



(C)        for the purpose of this resolution, and resolution 2 below, "diluted
net asset value per share" shall mean the fully diluted net asset value per
share calculated in accordance with and using the same accounting policies and
practices as set out in note 18 of the annual report and accounts of the Company
for the year ended 31st March 2001 and which for the avoidance of doubt is 774p
for the year ended 31st March 2001.



2.             THAT, to further allow shareholders of the Company the
opportunity to consider and, if thought fit, approve proposals for the
repurchase of some of the ordinary share capital of the Company:



(A)         the directors of the Company are urged to formulate and then submit
to shareholders for approval proposals under which the Company would invite all
ordinary shareholders to tender their shares for repurchase and cancellation by
the Company on a twice yearly basis, if, in the four weeks immediately preceding
each financial year end (currently 31st March) and each financial half-year end
(currently 30th September), the Company's ordinary shares were trading at an
average price equal to a discount to diluted net asset value per share of 15 per
cent.  or more, in which case, the Company will accept, from time to time, all
such tenders (pro rata to the number of shares tendered by each ordinary
shareholder, subject to modification to take into account of any fraction which
would otherwise arise) subject to a maximum of 10 per cent. of all the Company's
issued ordinary shares at that time, at a price per ordinary share not less than
an amount per share equal to 90 per cent. of the diluted net asset value per
share; and



(B)         the directors be urged to place such proposals before shareholders
by no later than three months after the adoption of this resolution."







We hereby tender a cheque in the sum of £5,000, being a sum reasonably
sufficient to meet the Company's expenses in giving effect to this requisition.
We request that you notify us of the amount of the Company's expenses required
to be borne by us pursuant to section 376 of the Companies Act 1985 and would
expect you to refund the amount, if any, by which £5,000 exceeds those expenses
and we will pay any further reasonable amount which may be necessary.


Signed by:



____________________________________



A Pegge
Director



____________________________________



C Bruce
Director



LIL Investments No 1 Limited
LIL Investments No 2 Limited
LIL Investments No 3 Limited
LIL Investments No 4 Limited
LIL Investments No 5 Limited
LIL Investments No 6 Limited
LIL Investments No 7 Limited
LIL Investments No 8 Limited
LIL Investments No 9 Limited
LIL Investments No 10 Limited
LIL Investments No 11 Limited
LIL Investments No 12 Limited
LIL Investments No 13 Limited
LIL Investments No 14 Limited
LIL Investments No 15 Limited
LIL Investments No 16 Limited
LIL Investments No 17 Limited
LIL Investments No 18 Limited
LIL Investments No 19 Limited
LIL Investments No 20 Limited
LIL Investments No 21 Limited
LIL Investments No 22 Limited
LIL Investments No 23 Limited
LIL Investments No 24 Limited
LIL Investments No 25 Limited
LIL Investments No 26 Limited
LIL Investments No 27 Limited
LIL Investments No 28 Limited
LIL Investments No 29 Limited
LIL Investments No 30 Limited
LIL Investments No 31 Limited
LIL Investments No 32 Limited
LIL Investments No 33 Limited
LIL Investments No 34 Limited
LIL Investments No 35 Limited
LIL Investments No 36 Limited
LIL Investments No 37 Limited
LIL Investments No 38 Limited
LIL Investments No 39 Limited
LIL Investments No 40 Limited
LIL Investments No 41 Limited
LIL Investments No 42 Limited
LIL Investments No 43 Limited
LIL Investments No 44 Limited
LIL Investments No 45 Limited
LIL Investments No 46 Limited
LIL Investments No 47 Limited
LIL Investments No 48 Limited
LIL Investments No 49 Limited
LIL Investments No 50 Limited
LIL Investments No 51 Limited
LIL Investments No 52 Limited
LIL Investments No 53 Limited
LIL Investments No 54 Limited
LIL Investments No 55 Limited
LIL Investments No 56 Limited
LIL Investments No 57 Limited
LIL Investments No 58 Limited
LIL Investments No 59 Limited
LIL Investments No 60 Limited
LIL Investments No 61 Limited
LIL Investments No 62 Limited
LIL Investments No 63 Limited
LIL Investments No 64 Limited
LIL Investments No 65 Limited
LIL Investments No 66 Limited
LIL Investments No 67 Limited
LIL Investments No 68 Limited
LIL Investments No 69 Limited
LIL Investments No 70 Limited
LIL Investments No 71 Limited
LIL Investments No 72 Limited
LIL Investments No 73 Limited
LIL Investments No 74 Limited
LIL Investments No 75 Limited
LIL Investments No 76 Limited
LIL Investments No 77 Limited
LIL Investments No 78 Limited
LIL Investments No 79 Limited
LIL Investments No 80 Limited
LIL Investments No 81 Limited
LIL Investments No 82 Limited
LIL Investments No 83 Limited
LIL Investments No 84 Limited
LIL Investments No 85 Limited
LIL Investments No 86 Limited
LIL Investments No 87 Limited
LIL Investments No 88 Limited
LIL Investments No 89 Limited
LIL Investments No 90 Limited
LIL Investments No 91 Limited
LIL Investments No 92 Limited
LIL Investments No 93 Limited
LIL Investments No 94 Limited
LIL Investments No 95 Limited
LIL Investments No 96 Limited
LIL Investments No 97 Limited
LIL Investments No 98 Limited
LIL Investments No 99 Limited
LIL Investments No 100 Limited
LIL Investments No 101 Limited
LIL Investments No 102 Limited
LIL Investments No 103 Limited
LIL Investments No 104 Limited
LIL Investments No 105 Limited

All of :          Stanley House
                  7-9 Market Hill
                  Douglas
                  Isle of Man
                  IM1 2BF "


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