Purchase of Own Securities

British Assets Trust PLC 26 June 2001 REPURCHASE OF WARRANTS On 26 June 2001 British Assets Trust plc bought 500,000 of its own warrants for cancellation at a price of 50p each. There are 4,583,062 warrants in issue following this repurchase. Since their issue in December 1994, the Company has repurchased 94.0% of its warrants for cancellation. Gordon J Humphries Company Secretary, British Assets Trust PLC Enquiries: Gordon Humphries, Tel: 0131 465 1000
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