Transaction in Own Shares

British Assets Trust PLC
27 July 2006



To:    RNS

From:  British Assets Trust PLC

Date:  27 July 2006


British Assets Trust PLC
Transaction in Own Shares


On 26 July 2006 British Assets Trust plc bought 1,000,000 of its own ordinary
shares for cancellation at a price of 129.50p each. There are 308,512,282
ordinary shares in issue following this repurchase.


Gordon Hay Smith
Company Secretary, British Assets Trust PLC




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