Long-Term Incentive Plan ("LTIP") Grant

The British Land Company PLC (the 'Company') announces that conditional awards of the Company's ordinary shares of 25 pence each ('Shares') and conditional awards of options over the Company's Shares were granted to Executive Directors and Persons Discharging Managerial Responsibilities ('PDMRs') on 28 June 2017 under the LTIP, as outlined below.

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The above performance shares conditionally vest on the third anniversary of grant. The above options are conditionally exercisable from the third until the tenth anniversary of grant. The LTIP option exercise price is 617.167 pence per share. No consideration was paid for the grant of these awards.

These transactions took place outside of a trading venue

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.

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