Compliance with Model Code

British Assets Trust PLC 01 April 2008 To: RNS From: British Assets Trust plc Date: 1 April 2008 Compliance with Model Code In accordance with Listing Rule 15.5.1 (4), British Assets Trust plc (the 'Company') announces that it is satisfied that all inside information which the Directors and the Company may have to 1 April 2008 has previously been notified via a regulated information service and, therefore, the dealings referred to in LR 15.5.1 (3) are permitted. Name of contact and telephone number for enquiries: G R Hay Smith For F&C Investment Business Limited Company Secretary 0131 718 1018 This information is provided by RNS The company news service from the London Stock Exchange
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