Transaction in Own Shares

British Empire Sec & Gen Tst PLC
03 December 2004


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

Equities Index Unsecured Loan Stock 2013

The Company announces that it has today purchased 48,000 units of its Equities
Index Unsecured Loan Stock 2013 for cancellation.

The purchase price paid was £2.07p per unit.

Following this purchase, there are 3,013,267 units still in issue.

Phoenix Administration Services Limited - Secretary

3 December 2004

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