The British Land Company PLC announces that on 21 December 2009, in London, Lord Turnbull, Clive Cowdery and Robert Swannell, Directors of the Company, were allotted the following number of shares of 25p each in the Company, at a price of 446 pence per share;

    Lord Turnbull                560

    Clive Cowdery               1,975

    Robert Swannell            1,908

The shares allotted to Lord Turnbull and Robert Swannell were pursuant to their standing instructions to receive shares as part satisfaction of their annual directors' fees. The shares allotted to Clive Cowdery were pursuant to his standing instruction to receive shares as total satisfaction of his annual directors' fees.