Purchase of Own Securities

British Assets Trust PLC 23 July 2001 REPURCHASE OF WARRANTS On 23 July 2001 British Assets Trust plc bought 925,000 of its own warrants for cancellation at a price of 45p each. There are 3,428,599 warrants in issue following this repurchase. Gordon J Humphries Company Secretary, British Assets Trust plc Enquiries: Gordon Humphries, Tel: 0131 465 1000
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