Holding(s) in Company

British Empire Sec & Gen Tst PLC
01 June 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
British Empire Securities and General Trust p.l.c.

2. Name of shareholder having a major interest
Millennium Partners LP

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
N/A

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
N/A

5. Number of shares / amount of stock acquired
N/A

6. Percentage of issued class
N/A

7. Number of shares / amount of stock disposed
Unknown

8. Percentage of issued class
Unknown

9. Class of security
Ordinary shares of 10p each

10. Date of transaction
27 May 2004





11. Date company informed
1 June 2004

12. Total holding following this notification
Unknown - gone below notifiable holding

13. Total percentage holding of issued class following this notification
Unknown

14. Any additional information




15. Name of contact and telephone number for queries
Debbie Fish - 01277 201222

16. Name and signature of authorised company official responsible for making
this notification
For Phoenix Administration Services Limited

Secretary

Date of notification
1 June 2004

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


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