Transaction in Own Shares

British Assets Trust PLC
20 February 2006

To:          RNS

From:       British Assets Trust PLC

Date:       20 February 2006



British Assets Trust PLC

Transaction in Own Shares

On 20 February 2006 British Assets Trust plc bought 1,150,000 of its own
ordinary shares for cancellation at a price of 135.00p each.  There are
317,162,282 ordinary shares in issue following this repurchase.

Gordon Hay Smith
Company Secretary, British Assets Trust PLC



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