Share Incentive Plan ("SIP") Dividend Share Purchase

The British Land Company PLC (the "Company") announces that it has been notified by Equiniti Share Plan Trustees Limited, trustees of the British Land SIP, of the purchase on 9 November 2018 of Dividend Shares at a price of 625.80 pence per share on behalf of the Company's Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs").

Details of the Dividend Shares purchased following the payment of the first Interim Dividend for 2018/19, are outlined below:

These transactions took place in London (XLON).

This notification is made under Article 19.3 of the Market Abuse Regulation.

The Identification Code for ordinary shares of 25 pence each in the Company is GB0001367019.