COMPANY ANNOUNCEMENT

For Immediate Release

THE BRITISH LAND COMPANY PLC

(the 'Issuer')

(Incorporated as a Public Limited Company in England and Wales with registered number 0621920)

£200,000,000 6.75% First Mortgage Debenture Bonds due 2020

(of which £60,034,000 in aggregate nominal amount is outstanding)

(ISIN:XS0085945037)

(the 2020 Debentures)

NOTICE OF EARLY REDEMPTION OF

THE 2020 DEBENTURES

THE ISSUER HEREBY GIVES NOTICE to the holders of the outstanding 2020 Debentures that, pursuant to Condition 6.2 of the 2020 Debentures, the Issuer will redeem all of the outstanding 2020 Debentures on 31 March 2017 at the Redemption Price of 118.274 per cent. of their principal amount together with accrued interest to, but excluding, 31 March 2017.

Following such redemption, there will be no 2020 Debentures outstanding.

The Issuer will also request the cancellation of the listing of the 2020 Debentures on the Official List of the United Kingdom Listing Authority with effect on and from 31 March 2017.

Terms used in this Notice and not defined herein shall have the same meaning given to them in the Conditions of the 2020 Debentures.

Should you have any questions regarding this notice you may contact the Principal Paying Agent as follows:

PRINCIPAL PAYING AGENT

The Bank of New York Mellon
One Canada Square
Canary Wharf
London E14 5AL

This notice is given by the Issuer

Dated 27 February 2017

British Land Company plc published this content on 27 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 February 2017 15:37:13 UTC.

Original documenthttp://otp.investis.com/clients/uk/britishland/rns/regulatory-story.aspx?cid=389&newsid=848228

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