The British Land Company PLC (the "Company")

Share Incentive Plan ("SIP") Purchase and Award

On 15 September 2017 the Company was notified that ordinary shares of 25 pence each were purchased on 14 September 2017 by the following Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") under the Partnership Shares element of the SIP.  The Executive Directors and PDMRs were awarded two Matching Shares for each Partnership Share purchased.

The Partnership Shares were purchased at a price of 607.7153 pence per ordinary share.

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.