Transaction in Own Shares

British Assets Trust PLC
04 November 2004

          
To:       RNS

From:     British Assets Trust PLC

Date:     4 November 2004



British Assets Trust PLC
Transaction in Own Shares


On 4 November 2004 British Assets Trust plc bought 2,100,000 of its own ordinary
shares for cancellation at a price of 103.50p each.  There are 335,712,282
ordinary shares in issue following this repurchase.


Gordon Hay Smith
Company Secretary, British Assets Trust PLC



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