Holding(s) in Company

British Empire Sec & Gen Tst PLC
09 March 2005

                                  SCHEDULE 10

                  NOTIFICATION OF MAJOR INTEREST(S) IN SHARES



 1. Name of company

    BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

 2. Name of shareholder having a major interest

    AXA SA AND GROUP COMPANIES

 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

    Shareholder named in 2 above

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

    HSBC Global Custody Nominees (UK) Ltd a/c 867530: 4,725,000

    HSBC Global Custody Nominees (UK) Ltd a/c 867268: 4,485,000

    Smith & Williamson Nominees Ltd a/c S66: 150,128

    BNY (OCS) Nominees Ltd: 76,022

    Sun Life International Isle of Man Ltd a/c SLI11: 31,452

 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

    not disclosed

 8. Percentage of issued class

    0.16%

 9. Class of security

    Ordinary shares of 10p each

10. Date of transaction

    not disclosed

11. Date company informed

    9 March 2005

12. Total holding following this notification

    9,487,602

13. Total percentage holding of issued class following this notification

    5.93%

14. Any additional information



15. Name of person/company making this notification

    Phoenix Administration Services Limited
    01277 201222



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