Holding(s) in Company

British Land Co PLC
07 July 2004


The British Land Company PLC announces that it received notification on 7th July
2004, pursuant to sections 198-202 of the Companies Act 1985, that Morley Fund
Management Limited ( a subsidiary of Aviva plc ( formerly CGNU plc ) has the
following notifiable interest in the Company's ordinary 25p shares:

Registered Holders                                    Number of Shares held

BNY Norwich Union Nominees Limited                                3,640,165
BT Globenet Nominees Limited                                         14,310
Chase GA Group Nominees Limited                                   6,160,832
Chase Nominees Limited                                              715,310
CUIM Nominee Limited                                              4,239,462
RBSTB Nominees Limited                                              400,000
Vidacos Nominees Limited                                              9,570

Total Morley Fund Management Limited holding - 15,179,649 shares

This represents 3.08% of the total issued ordinary share capital.

The notification was prompted by purchases of shares by Morley Fund Management
Limited totalling 303,300 shares on 5th July 2004.

Disclosure of the total share interest of Aviva plc (14,763,846 shares(3.025%))
was made on 2nd July 2004 and this included the total shareholding of Morley
Fund Management Limited at that date.



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