Transaction in Own Shares

British Land Co PLC

12 June 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:

2,500

Volume weighted average price paid per Share (pence):

539.1687

Highest price paid per Share (pence):

539.8

Lowest price paid per Share (pence):

538.2

Date of purchase:

12 June 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

208

539

10:15:27

205

539

12:10:35

218

538

14:10:18

207

539

15:40:20

319

540

15:54:14

312

540

16:10:17

162

540

16:17:58

327

540

16:18:32

338

538

16:23:13

168

539

16:28:06

36

539

16:28:06