Director Shareholding

British Empire Sec & Gen Tst PLC
31 March 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
British Empire Securities and General Trust PLC

2. Name of director
Mr J. C. Walton

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Mr J.C. Walton acquired 4,582 Ordinary 10p shares

Mrs A.M. Walton acquired 4,582 Ordinary 10p shares

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Henderson Nominees Limited

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
Mrs A.M. Walton (spouse)

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
ISA transactions

7. Number of shares / amount of stock acquired
Mr J.C. Walton - 4,582

Mrs A.M. Walton - 4,582

Total - 9,164

8. Percentage of issued class
0.006%

9. Number of shares/amount of stock disposed
N/A

10. Percentage of issued class
N/A

11. Class of security
Ordinary 10p shares

12. Price per share
152p

13. Date of transaction
Bargain Date - 31 March 2003

Settlement Date - 03 April 2003

14. Date company informed
31 March 2003

15. Total holding following this notification
363,680

16. Total percentage holding of issued class following this notification
0.23%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant




18. Period during which or date on which exercisable




19. Total amount paid (if any) for grant of the option




20. Description of shares or debentures involved: class, number




21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise




22. Total number of shares or debentures over which options held following this
notification




23. Any additional information




24. Name of contact and telephone number for queries
Tom Casey 020 7463 6387

25. Name and signature of authorised company official responsible for making
this notification
Aberdeen Asset Management PLC - Secretaries

Date of Notification
31 March 2003


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