Listing Particulars

British Assets Trust PLC
7 September 2001



FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE:         7th September 2001


Application has been made to the UK Listing Authority for the following
securities to be admitted to the Official List.


DETAILS OF ISSUE:         £60,000,000 6.25 per cent. Bonds 2031

ISSUER:                   British Assets Trust plc

INCORPORATED IN:          Scotland

GUARANTOR:                n/a

INCORPORATED IN:          n/a

Particulars relating to the issue may be obtained during usual business hours
for fourteen days from the date of this formal notice from:

Friends Ivory & Sime plc             The Chase Manhattan Bank
One Charlotte Square                 Trinity Tower
Edinburgh EH2 4DZ                    9 Thomas More Street
                                     London E1 9YT

In addition, a copy of the Particulars is available for inspection at the
Document Viewing Facility at the Financial Services Authority, 25 The North
Colonnade, London E14 5HS.