Transaction in Own Shares

British Land Co PLC

24 July 2019

Transaction in own shares

The British Land Company PLC (the "Company") announces that it has purchased through UBS AG London Branch ("UBS") the following number of its ordinary shares of 25 pence each on the London Stock Exchange. The purchases were made pursuant to the buy-back programme announced by the Company on 15 May 2019. The Company intends to cancel the purchased shares.

Number of Shares purchased:

11,608

Volume weighted average price paid per Share (pence):

540.2966

Highest price paid per Share (pence):

542.0

Lowest price paid per Share (pence):

538.0

Date of purchase:

24 July 2019

In accordance with Article 5(1)(b) of EU Market Abuse Regulation (596/2014), detailed information about the individual purchases made by UBS on behalf of the Company as part of the buy-back programme is set out below.

Enquiries:

Company Secretariat

British Land

020 7486 4466

Transaction details

Issuer name: The British Land Company PLC

(ISIN: GB0001367019 LEI Code: RV5B68J2GV3QGMRPW209)

Intermediary name: UBS AG London Branch

(Intermediary code: UBSWGB2L)

Individual transactions

Number of sharespurchased

Transaction price per share (pence)

Time of transaction

2,559

539

08:08:13

225

538

08:13:23

2,534

538

08:13:23

1,368

542

11:45:24

922

542

11:45:24

241

542

16:26:04

750

542

16:26:04

1,151

542

16:27:17

581

542

16:28:56

1,277

542

16:28:56