Short Selling Disclosure

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:

Lone Pine Capital, LLC

2: Name of the issuer of the relevant securities

British Land Co plc

Note: Lone Pine Capital LLC in its capacity as discretionary investment manager on behalf of certain investment funds including Lone Cypress, Ltd. and Lone Kauri, Ltd., which individually each exceed the 0.25% threshold. Lone Cypress, Ltd. holds a short position of 0.87% and Lone Kauri, Ltd. holds a short position of 0.71%.

3: Disclosable short position

1.76%

4. Date that disclosable short position was reached or exceeded

February 12, 2009