Disclosure of Short Position

TR-3:

Disclosure of Disclosable Short Position relating to Securities which are the subject of a rights issue

1. Full name of person(s) holding the disclosable short position:

Odey Asset Management LLP

2: Name of the issuer of the relevant securities

British Land Company plc

3: Disclosable short position

-0.27%

4. Date that disclosable short position was reached or exceeded

12 Feb 2009