Transaction in Own Shares

British Land Co PLC

31 May 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:

27,666

Volume weighted average price paid per Share (pence):

532.3100

Highest price paid per Share (pence):

534.8

Lowest price paid per Share (pence):

529.6

Date of purchase:

31 May 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

2,380

530

08:33:05

2,417

530

09:29:39

2,147

531

10:34:02

2,074

533

11:24:42

2,469

531

11:51:55

2,430

532

12:49:26

2,100

532

13:35:08

2,065

532

14:23:50

2,309

535

14:55:08

2,456

534

15:15:51

1,392

534

15:38:35

954

534

15:38:35

2,376

534

16:05:14

97

534

16:05:14