Director/PDMR Shareholding

The British Land Company PLC announces that on 18 August 2014, Lucinda Bell, a Director of the Company, exercised options over 25,326 Ordinary shares at a price of 659.55p per share. Following the exercise 24,122 shares were sold at a price of 729p per share, to offset the cost of exercise and resulting tax liabilities. The options had been awarded under the Company's Long-term Incentive Plan.

This notification is made in accordance with the requirements of DTR 3.1.4 R