Holding(s) in Company

British Assets Trust PLC
13 December 2006



                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company

British Assets Trust plc


2. Name of shareholder having a major interest

AXA S.A


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

Sun Life Pensions Management Ltd - 7,350,817
Sun Life Unit  Assurance Ltd - 28,251,792
Trustees of AXA UK Investment Co ICVC Extra Income Fund - 220,967
Trustees of AXA UK Investment Co ICVC UK Equity Income Fund - 7,542,518


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

HSBC Global Custody Nominee (UK) Ltd - 43,346,094
BNY (OCS) Nominees Ltd - 20,000


5. Number of shares / amount of stock acquired

Not Disclosed


6. Percentage of issued class

Not Disclosed


7. Number of shares / amount of stock disposed

n/a


8. Percentage of issued class

n/a



9. Class of security

Ordinary


10. Date of transaction

Not Disclosed


11. Date company informed

13/12/06


12. Total holding following this notification

43,366,094


13. Total percentage holding of issued class following this notification

14.06


14. Any additional information

n/a


15. Name of contact and telephone number for queries

Susan Edgar 0131 465 1000


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

Gordon Hay Smith, F&C Asset Management


Date of notification

13/12/06


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