Purchase of Own Securities

BRITISH ASSETS TRUST PLC
29 September 1999



REPURCHASE OF GROWTH SHARES

On 28 September 1999 British Assets Trust plc bought 1,814,704 of its own
growth shares for cancellation at a price of 127.00p each.  There are
57,925,296 growth shares in issue following this repurchase.

Gordon J Humphries
Secretary

Enquiries:  0131 465 1000