Purchase of Own Securities

British Assets Trust PLC
28 June 2001


REPURCHASE OF ORDINARY SHARES

On 27 June 2001 British Assets Trust plc bought 250,000 of its own growth
shares for cancellation at a price of 150.00p each.  There are 303,725,000
ordinary shares in issue following this repurchase.

The Company still has authority to buy-back for cancellation up to 14.91% of
the ordinary shares in issue as at the date of the extraordinary general
meeting held on 23 February 2001 when the buy-back authority was renewed by
shareholders.



Gordon J Humphries
Company Secretary, British Assets Trust PLC


Enquiries:               Gordon Humphries,   Tel: [phone]