Transaction in Own Shares

British Empire Sec & Gen Tst PLC
08 July 2004



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

Equities Index Unsecured Loan Stock 2013

The Company announces that it has today purchased 39,930 units of its Equities
Index Unsecured Loan Stock 2013 for cancellation. The price paid was 212p per
unit.

Following this purchase, there are 3,061,267 units in issue.



Phoenix Administration Services Limited

Secretary

8 July 2004



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