Purchase of Own Securities

BRITISH ASSETS TRUST PLC
28 July 1999

REPURCHASE OF GROWTH SHARES

On 27 July 1999 British Assets Trust plc bought 200,000 of its own growth
shares for cancellation at a price of 133.00p each.  There are 59,940,000
growth shares in issue following this repurchase.

Gordon J Humphries
Secretary

Enquiries:  0131 465 1000