Holding(s) in Company

British Assets Trust PLC
23 October 2007



TR-1(i):               notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached(ii):

British Assets Trust plc


2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                                       X

An acquisition or disposal of financial instruments which may result in the acquisition of   
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights                                             

Other (please specify): Change in issued share capital


3. Full name of person(s) subject to the notification obligation
(iii):

AXA S.A. 25 Avenue Matignon, 75008 Paris and its group of companies

4. Full name of shareholder(s) (if different from 3.)(iv):


5. Date of the transaction (and date on which the threshold is   21/10/07
crossed or reached if different)(v):

6. Date on which issuer notified:                                22/10/07

7. Threshold(s) that is/are crossed or reached:                  12%

8. Notified details:                                             -





A: Voting rights attached to shares

Class/type of    Situation previous to   Resulting situation after the triggering transaction(vii)
shares           the Triggering
                 transaction (vi)
 if possible     Number of   Number of   Number of       Number of voting rights  % of voting rights
using the ISIN   Shares      Voting      shares          ix
CODE                         Rights viii Direct          Direct  x  Indirect xi   Direct    Indirect

GB0001297562     49,569,160  49,569,160  36,025,846      36,025,846 13,877,052    12.01     4.63


B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument           xiii            Period/ Date xiv          that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.
         -


Total (A+B)

Number of voting rights                            % of voting rights

49,902,898                                         16.63%




9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:


Client                                             No. Of Voting   % of Total
                                                          Rights       Voting
                                                                       Rights

AXA Sun Life plc                                       7,521,656      2.50712
    Deferred Distribution Fund Life
AXA Sun Life plc                                      20,620,000      6.87305
    Distribution Fund Life
AXA UK Investment Co ICVC                                377,052      0.12568
Extra Income Fund
AXA UK Investment Co ICVC                             13,500,000      4.49982
UK Equity Income Fund
AXA Institutional  Equity Fund                            40,000      0.01333
AXA Sun Life plc                                       7,070,000      2.35657

Retirement Distribution Pension
Sun Life Pensions Management Ltd                           5,000      0.00167
AXA Sun Life                                              35,000      0.01167

LTAV UK Equity
AXA Sun Life                                              55,136      0.01838

FTSE All Share Tracker Life
AXA Sun Life                                             265,817       0.0886

FTSE All Share Tracker Pension
AXA Winterthur                                            85,112      0.02837
AXA Sun Life plc                                         202,306      0.06743

With Profit Transition Fund
Sun Life Assurance Society plc                           125,819      0.04194

With Profit Transition Fund



Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:                               -
14. Contact name:                                    Steven Ross
15. Contact telephone number:                        0207 628 8000



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