Repurchase of Ordinary Shares

British Assets Trust PLC
24 February 2000


REPURCHASE OF ORDINARY SHARES

On 23 February 2000 British Assets Trust plc bought 250,000 of its own
ordinary shares for cancellation at a price of 133.50p each.  There are
309,066,212 ordinary shares in issue following this repurchase.

The Company still has authority to buy-back for cancellation up to 12.41% of
the ordinary shares in issue as at the date of the annual general meeting held
on 16 December 1999 when the buy-back authority was renewed by shareholders.


Gordon J Humphries
Company Secretary


Enquiries:  0131 465 1000