Transaction in Own Shares

British Assets Trust PLC
16 January 2004



To:     RNS


From:   British Assets Trust PLC


Date:   16 January 2004



British Assets Trust PLC

Transaction in Own Shares


On 16 December 2003 British Assets Trust plc bought 1,250,000 of its own
ordinary shares for cancellation at a price of 103.75p each. There are
352,112,282 ordinary shares in issue following this repurchase.



Gordon Hay Smith

Company Secretary, British Assets Trust PLC




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