Transaction in Own Shares

British Assets Trust PLC
05 January 2005


To:                RNS

From:              British Assets Trust PLC

Date:              5 January 2005


British Assets Trust PLC
Transaction in Own Shares


On 5 January 2005 British Assets Trust plc bought 2,000,000 of its own ordinary
shares for cancellation at a price of 109.25p each.  There are 332,462,282
ordinary shares in issue following this repurchase.


Gordon Hay Smith
Company Secretary, British Assets Trust PLC


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