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British Land Co PLC (BLND)

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Wednesday 22 May, 2002

British Land Co PLC

Holding(s) in Company

British Land Co PLC
22 May 2002

The British Land Company PLC announces that it received notification on 22 May
2002, pursuant to sections 198-202 of the Companies Act 1985, that Merrill Lynch
& Co. Inc's aggregate interest in the Company is 56,524,890 ordinary 25p shares,
representing 10.90% of the issued share capital of the Company. Details of this
disclosure of interest by Merrill Lynch are as follows:

ML Invest Holdings Limited, ML Invest, Inc being certain holding companies of
Merrill Lynch Investment Managers Limited's ( 'MLIM' ) have interests, through
MLIM, in the share capital of the Company as follows:

Registered Holder                                       Number of shares

Nutraco Nominees Limited                                27,182,920
(Designated & Undesignated)

Treasury of the Government of Isle of Man               275,388
A/C 5

Treasury of the Government of Isle of Man               121,500
A/C 10

Stamford Nominees Limited                               11,000

Merrill Lynch Pension Nominees Limited                  1,206,346
A/C Noncert

Stamford Nominees Limited                               36,000
A/C Charty

Chase Nominees Limited                                  6,516,498

Nortrust Nominees Limited                               5,304,944

Bank of New York Nominees Limited                       7,175,771

Junction Nominees Limited                               5,094,068

HSBC Nominees Limited                                   197,725

State Street Nominees Limited                           877,379

Morgan Nominees Limited                                 583,430

Other Names                                             1,752,198

Total                                                   56,335,167

Merrill Lynch & Co., Inc and Merrill Lynch Group Inc, which are holding
companies of MLIM and of certain other companies, have interests in aggregate in
the relevant share capital of the Company as follows:

Merrill Lynch & Co., Inc                                56,524,890

Merrill Lynch Group, Inc                                56,335,167

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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