Result of AGM

British Land Co PLC
18 July 2003



                                                                    18 July 2003




                          The British Land Company PLC


                        Result of Annual General Meeting




The Board of British Land announces the results of the voting at the Annual
General Meeting of the Company held earlier today.  All resolutions proposed by
the Board were passed on a show of hands, and the resolution proposed by outside
shareholders, which the Board recommended shareholders vote against, was
defeated on a show of hands.  Proxy votes (including abstentions) were received
for a total of 304,897,927 ordinary shares of the Company, representing 62.4 per
cent. of the issued share capital. These proxies gave over 96 per cent. support
to the Board's recommendations as shown in the attached Appendix.


Contacts

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

Finsbury:
Faeth Birch                                              tel: [phone]





Appendix


RESOLUTION             VOTES                                                  ABSTENTIONS
                       For                                Against
                       Shares               As %         Shares         As %
                                            of votes                    of votes
                                            cast1                       cast1
Resolutions proposed by the Board

1                          299,537,663       99.75         736,930       0.25             4,623,334
2                          304,849,636      99.998           6,096      0.002                42,195
3                          304,045,744       99.73         811,988       0.27                40,195
4                          299,065,453       99.55       1,342,298       0.45             4,490,176
5                          303,102,902       99.68         984,907       0.32               810,118
6                          279,816,881       97.41       7,437,670       2.59            17,643,376
7                          300,809,343       99.27       2,227,227       0.73             1,861,357
8                          279,770,944       96.72       9,499,650       3.28            15,627,333
9                          303,933,117       99.70         909,921       0.30                54,889
10                         304,705,003       99.95         138,448       0.05                54,476
11                         301,730,486       99.94         186,628       0.06             2,980,813
12                         291,056,447       97.18       8,436,603       2.82             5,404,877
Laxey Resolution
13                          11,173,371        3.73     288,087,585      96.27             5,636,971



Note 1: Excludes abstentions





Note to Editors



The resolutions voted on at the AGM today were as follows:


1.    To receive the Report of the Directors and audited Accounts for the year 
      ended 31st March 2003.



2.    To declare a Final Dividend for the year ended 31st March 2003.



3.    To re-elect Mr R W A Swannell as a Director.



4.    To re-elect Dr C Gibson-Smith as a Director.



5.    To re-elect Mr D Michels as a Director.



6.    To re-appoint Deloitte & Touche as Auditors.



7.    To authorise the Directors to fix the remuneration of the Auditors.



8.    To approve the Remuneration Report and the policy set out therein.



9.    As Special Business:

      To amend by Ordinary Resolution the directors' authority to allot unissued 
      share capital or convertible securities.  (Section 80 Companies Act 1985).

10.   As Special Business:

      To renew by Special Resolution the limited waiver of pre-emption rights 
      attaching to future issues of equity securities.  (Section 89(1) Companies 
      Act 1985).

11.   As Special Business:
      To grant by Special Resolution authority to the Company to exercise its 
      power to purchase its own shares.

12.   As Special Business:
      To approve by Ordinary Resolution a new long-term incentive plan for 
      executives.

13.   As Special Business:
      To remove by Ordinary Resolution Mr John Ritblat as a Director with 
      immediate effect.










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