Transaction in Own Shares

British Empire Sec & Gen Tst PLC
10 March 2004


British Empire Securities and General Trust p.l.c.

Equities Index Unsecured Loan Stock 2013

The Company announces that it has today purchased 75,000 units of its Equities
Index Unsecured Loan Stock 2013 for cancellation. The price paid was 220p per
unit.

Following this purchase, there are 3,133,197 units in issue.


Phoenix Administration Services Limited
Secretary
10 March 2004


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