Holding in Company

British Land Co PLC
1 October 2001

The British Land Company PLC announces that it received notification from
Schroders Investment Managers Limited on 28th September 2001, pursuant to
sections 198-202 of the Companies Act 1985, that Schroders plc has an
aggregate interest of 51,966,145 ordinary 25p shares in the Company,
representing 10.025% of the share capital of the Company.

Included in this holding are 43,349,146 shares held in portfolios managed by
Schroder Investment Management Limited registered as follows:

Registered Holders                                         Number of shares

Schroder Nominees Limited                                  19,731,992
Bank of England Nominees Ltd                                    2,700
Bank of New York                                              200,000
Banque International a Luxembourg S                            94,700
Banque Nationale de Paris                                      15,000
Bath Street Nominees Limited                                    9,800
BHF Bank Bockenheimer                                          30,000
British Coal Staff Superannuation a/c: P                    1,100,000
BT Globnet Nominees Ltd a/c: 6B                             1,573,766
Channel Nominees Limited                                        6,349
Chase Manhatten Bank                                          756,071
Chase Nominees                                              3,915,455
Chase Nominees Limited a/c: F02391                            796,155
European Equities                                              36,876
HSBC  Bank International a/c: 10096301                        150,000
Mineworkers' Pension Scheme a/c: R                            500,000
Morgan Nominees Limited a/c: CCC                              241,576
Morgan Nominees Limited a/c: GRL-Crest ID: AG01               181,000
Morgan Nominees ltd: A a/c                                      7,166
Morgan Nominees Ltd: B a/c                                    219,279
MSS Nominees Limited a/c: 756593                               94,271
MSS Nominees Limited a/c: 766653                              991,000
MSS Nominees Limited a/c: 767412                               59,000
MSS Nominees Limited a/c: 809797                              311,524
MSS Nominees Limited a/c: 809803                              176,823
MSS Nominees Limited a/c: 809955                              176,000
MSS Nominees Limited a/c: 823654                            1,142,000
MSS Nominees Limited a/c: 823666                              633,000
MSS Nominees Limited a/c: 823812                              416,100
MSS Nominees Limited a/c: 831286                            1,615,664
MSS Nominees Limited a/c: 823666                              215,373
Nortrust Nominees Ltd                                       3,447,711
Nortrust Nominees Ltd a/c: SRC13                               59,379
Nutraco Nominees Ltd                                          197,600
Nutraco Nominees Ltd a/c: GWPPCIF                             438,900
Nutraco Nominees Ltd a/c: GWPPMPS                             125,000
Pictet & Cie                                                  225,000
RBSTB Nominees Ltd                                          1,020,786
RBSTB Nominees Ltd a/c: AAUKPS                                128,000
RBSTB Nominees Ltd a/c: ESPSBEB                               196,771
State Street Nominees Limited                                 513,108
State Street Nominees Limited a/c: 4L9Q                       210,000
State Street Nominees Limited a/c: 5H57                       500,000
State Street Nominees Limited a/c: JD19                       800,000
Schroder & Co                                                  25,000
State Street Bank                                              27,251


Also 6,529,833 shares are held in a unit trust operated and managed by another
wholly-owned subsidiary, Schroder Unit Trusts Limited, and registered or to be
registered in the name of Chase Nominees Limited.

In addition Schroder Investment Management North America Limited manages
987,461 ordinary shares and Schroder Investment Management North America Inc
manages 1,099,705 ordinary shares.