Holding(s) in Company

British Assets Trust PLC
08 July 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company

British Assets Trust plc


2. Name of shareholder having a major interest

Friends Provident Group


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

As 2


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

HSBC GS Nominess Limited - 24,351,110
Chase Nominess Limited - 2,968,513
Puddle Dock Nominees Limted - 6,260,810


5. Number of shares / amount of stock acquired

n/a


6. Percentage of issued class

n/a


7. Number of shares / amount of stock disposed

3,500,000


8. Percentage of issued class

1.07


9. Class of security

Ordinary


10. Date of transaction

4/07/05


11. Date company informed

07/07/05


12. Total holding following this notification

33,580,433


13. Total percentage holding of issued class following this notification

10.31


14. Any additional information




15. Name of contact and telephone number for queries

Andrew Nicholson 0131 465 1071


16. Name and signature of authorised company official responsible for making
this notification

Gordon Hay Smith, F&C Asset Management


Date of notification

08/07/05


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document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


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