British Land Company Plc Shares Increase In The S&P European Indices

Standard & Poor’s will make the following changes in the S&P Europe 350 and S&P United Kingdom Indices effective the close of trading Tuesday, June 29, 2004:

• British Land Company Plc (United Kingdom, SEDOL: 0136701, GICS: Financials, GICS Code: 40401020), a member of the S&P Europe 350 and S&P United Kingdom Indices, shares will increase by 30,000,000 to 521,258,300. The new shares originate from the issue of new ordinary shares following the conversion of 6% subordinated irredeemable convertible bonds.

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