Net Asset Value(s) and Annual Reoprt

NET ASSET VALUE AND ANNUAL REPORT

 1. NET ASSET VALUE

British & American Investment Trust PLC announces that, as at 29th May 2015,
the value of the group's investments and cash at banks  was £31.8  million and
the unaudited consolidated net asset value of the company was not less than
87.4 pence per £1 ordinary share (prior charges deducted at par) and 91.0 pence
per ordinary share on a fully diluted basis. 

2. ANNUAL REPORT

A copy of British & American Investment Trust PLC's Annual Report and Financial
Statements for the year ended 31 December 2014 has been submitted to the
National Storage Mechanism, and will be available for inspection at 
www.morningstar.co.uk/uk/NSM.

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