British Land CEO Interviewed on Half-Year Results

LONDON, November 17 - UK property group British Land reported interim profits down on last year
but with positive underlying trends in the second quarter.

In a video interview on www.cantos.com CEO Chris Grigg described the
first half as a tale of two quarters with valuations improving in the second
quarter.

"I think it is fair to say we've hit an inflection point. Investors have
returned to the market and transaction levels are up too."

Mr Grigg also announced he was beefing up the investment criteria the
business would use when considering where to spend the GBP1 billion earmarked
for new projects, saying "we think it's more likely that opportunities will
come on the investment side of things."

Although Mr Grigg did sound a note of caution on the short-term outlook
for the sector he said British Land was well positioned to create shareholder
value in a variety of different economic environments.

The interview and transcript are available now on
www.cantos.com/node/4779/company/British Land.

It's free to view. All you need to do is register at
www.cantos.com. Cantos.com, the online financial broadcaster, features
in-depth interviews, documentaries and webcasts with senior company
executives. If you would like to contact us, please email
enquiries@cantos.com or phone +44-207-936-1333.

If you would like to contact us, please email enquiries at cantos.com or phone +44-207-936-1333.