Purchase of Own Securities

British Portfolio Trust PLC
19 July 2002

British Portfolio Trust plc announces that on 19th July 2002 it re-purchased,
for cancellation, 15,000 Ordinary 1p Shares (representing 0.03% of the issued
Ordinary capital), at the price of 108p per Ordinary Share.

Settlement and cancellation of the re-purchased 15,000 Ordinary Shares is due on
24th July 2002 when the issued share capital of the Trust will fall to
43,327,105 Ordinary 1p Shares.

Enquiries:

P W I Ingram

Company Secretary

Tel: [phone]

As at 19th July 2002








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