Transaction in Own Shares

British Assets Trust PLC
25 February 2004



To:            RNS

From:          British Assets Trust PLC

Date:          25 February 2004






British Assets Trust PLC

Transaction in Own Shares


On 25 February 2004 British Assets Trust plc bought 1,000,000 of its own
ordinary shares for cancellation at a price of 102.75p each. There are
350,112,282 ordinary shares in issue following this repurchase.



Gordon Hay Smith

Company Secretary, British Assets Trust PLC




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