Transaction in Own Shares

British Land Co PLC
20 December 2007


The British Land Company PLC announces that it has purchased the following
number of its ordinary shares of 25p each on the London Stock Exchange.

Date of purchase:                                20 December 2007

Number of ordinary shares purchased:             150,000

Highest price paid per share:                    900.00p

Lowest price paid per share:                     885.50p

Average price per share:                         897.27p


The Company intends to hold the purchased shares in treasury.

Following the purchase of these shares, the Company holds 11,266,245 of its
ordinary shares in treasury and has 510,707,480 ordinary shares in issue
(excluding treasury shares).


20 December 2007.



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