Investor Presentaiton

2010 DEVELOPMENT PROGRAMME 12 months to 30 September (£m) Sector BL Share Sq ft % '000 PC Calendar Year Current Value Complete Cost to ERV Pre-let Resi End Value³ £m £m1, 1,6 £m² £m £m 10-30 Brock St, Regents Place+ Mixed Use 100 505 Completed 360 6 20.1 17.1 115 5 Broadgate Offices 50 710 2015 195 87 19.2 19.2 The Leadenhall Building Offices 50 605 2014 195 43 18.6 8.6 10 Portman Square Offices 100 132 Completed 165 5 9.7 4.9 Marble Arch House5 Mixed Use 100 86 2013 64 9 3.9 18 39 Victoria Street Offices 100 93 2013 63 6 4.9 199 Bishopsgate Offices Whiteley Shopping, Fareham Retail Bedford Street Residential 100 ŏgg 50 144 Completed 55 3.5 1.8 50 321 Completed 42 1 2.6 2.4 24 2014 26 3 27 Glasgow Fort (Leisure) Retail 44 46 Completed 7 2 0.5 0.5 Total 2010 Programme: 2,666 1,172 163 83.0 54.5 160 Total Committed: 3,710 1,467 494 97.3 58.7 744 Data includes Group's share of properties in Joint Ventures & Funds (except area which is shown at 100%) 1 From 1 October 2013 to practical completion (PC) 2 Estimated headline rental value net of rent payable under head leases (excluding tenant incentives) Includes 126,000 sq ft of residential, of which £93 million has now sold and completed during the half 3 Residential development of which £120 million completed or exchanged 4 5 Includes 10,000 sq ft of residential 6 Cost to complete excludes notional interest as interest is capitalised individually on each development at our capitalisation rate 34 British Land

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