Loan Stock Interest Payment

British Empire Sec & Gen Tst PLC
19 October 2004

British Empire Securities and General Trust plc

Equities Index Unsecured Loan Stock 2013 - Interest Payment

The rate (gross of income tax) on the Equities Index Unsecured Loan Stock 2013
for the quarter ended 30 September 2004

is 2.006p per unit calculated on a net dividend basis, equivalent to £20.06 per
1,000 units.

The record date is 30 September 2004 and the payment date is 10 October 2004.

For Phoenix Administration Services Limited

Secretary

19 October 2004


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