Repurchase of Growth Shares

British Assets Trust PLC
12 January 2001


REPURCHASE OF GROWTH SHARES

On 11 January 2001 British Assets Trust plc bought 296,096 of its own growth
shares for cancellation at a price of 149.00p each.  There are 52,920,630
growth shares in issue following this repurchase.

The Company still has authority to buy-back for cancellation up to 14.43% of
the growth shares in issue as at the date of the annual general meeting held
on 21 December 2000 when the buy-back authority was renewed by shareholders.



Gordon J Humphries
Company Secretary, British Assets Trust PLC


Enquiries:               Gordon Humphries,   Tel: [phone]