Listing Rule 21.20

British Empire Sec & Gen Tst PLC
01 July 2005

BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

In accordance with Listing Rule 21.20 (l)(i), British Empire Securities and
General Trust plc announces that at 30 June 2005 it had the following holdings
in other UK listed investment companies (including listed investment trusts)
which do not have a stated investment policy to invest no more than 15% of their
gross assets in other listed UK investment companies (including listed
investment trusts):

Name                                                     Market Value (£)         Percentage of portfolio
Hansa Trust 'A' Ordinary                                       14,529,883                            2.57
Advance UK Trust                                                5,742,028                            1.02
Utilico Investment Trust plc Ordinary                           2,961,061                            0.52
Hansa Trust Ordinary                                            1,994,154                            0.35

Total                                                          25,227,126                            4.46


In accordance with Listing Rule 21.20 (l)(ii), British Empire Securities and
General Trust plc announces that at 30 June 2005 the ten largest investments
were as follows:

Company                                                  Market value (£)         Percentage of portfolio
Treasury 7.75% 08/09/2006                                      28,115,099                            4.98
US Treasury 3.375% 15/01/2007                                  21,220,078                            3.76
Jardine Strategic Holdings                                     20,995,913                            3.72
Law Debenture Corp plc                                         18,390,186                            3.26
CNP-CIE Natle a Portefeuille NPV                               15,522,436                            2.75
Eurazeo NPV                                                    15,445,921                            2.74
Prospect Japan Fund Ltd                                        14,854,639                            2.63
Hansa Trust plc 'A' Ord                                        14,529,883                            2.57
US Treasury 1.5% 31/03/2006                                    14,022,555                            2.48
European Asset Value Fund NPV                                  13,193,546                            2.34

Total                                                         176,290,256                           31.23

Except as stated above there were no investments with a value greater than 5% of
the Company's portfolio.

Phoenix Administration Services Limited - Secretary
1 July 2005


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