Transaction in Own Shares

British Assets Trust PLC
05 June 2006


To:    RNS

From:  British Assets Trust PLC

Date:  5 June 2006


British Assets Trust PLC
Transaction in Own Shares

On 2 June 2006 British Assets Trust plc bought 5,000,000 of its own ordinary
shares for cancellation at a price of 128.625p each.  There are 309,512,282
ordinary shares in issue following this repurchase.


Gordon Hay Smith
Company Secretary, British Assets Trust PLC



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