RNS Number:2897U
British Land Co PLC
15 January 2004

Notification of monthly investment in the British Land Share Incentive Plan 
('SIP')


On 14th January 2004 Hill Samuel ESOP Trustees Limited (the 'Trustees'),
Trustees of the British Land SIP, notified the Company that they had purchased
on 14th January 2004 a total of 9,330 ordinary 25p shares at a price of 612 p
per share under the 'Partnership' and 'Matching' element of the Company's SIP.
Under the terms of the SIP each eligible participating employee can contribute
up to #125 per month from salary to purchase 'Partnership Shares', and the
Company matches this by awarding 2 'Matching Shares' for every one 'Partnership
Share' purchased by participating employees.    The SIP has been approved by the
Inland Revenue as a share incentive plan under Schedule 8 of the Finance Act
2000.



As participants in the SIP the executive directors named below are deemed to
have an interest in the shares held by the Trustees.



The Company also received notification from the Trustees, that of the above
shares acquired by the Trustees, the shares purchased on behalf of the Company's
executive directors were as follows:


Name                          Number of Partnership shares acquired   Number of Matching Shares acquired
                              under the SIP                           under the SIP
J H Ritblat                   21                                      42
J H Weston Smith              21                                      42
N S J Ritblat                 21                                      42
R E Bowden                    21                                      42
G C Roberts                   21                                      42









15th January 2004.








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

RDSBAMATMMJBBJI