Share Incentive Plan ("SIP") Free Share Award

The British Land Company PLC (the "Company") has been notified by Equiniti Share Plan Trustees Limited, trustees of the British Land SIP that on 31 August 2017, Free Shares were awarded, at a price of 609.7863 pence per share, to the Company's Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") as outlined below:

These transactions took place in London (XLON.

This notification is made in accordance with the requirements of the EU Market Abuse Regulation.  The Company's Legal Entity Identifier Code is RV5B68J2GV3QGMRPW209. The Identification Code for ordinary shares of 25 pence each in the Company is GB0001367019.