Transaction in Own Shares

British Assets Trust PLC
27 May 2004

          
To:       RNS

From:     British Assets Trust PLC

Date:     27 May 2004


British Assets Trust PLC

Transaction in Own Shares


On 27 May 2004 British Assets Trust plc bought 5,900,000 of its own ordinary
shares for cancellation at a price of 101.00p each. There are 342,012,282
ordinary shares in issue following this repurchase.


Gordon Hay Smith

Company Secretary, British Assets Trust PLC



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