Purchase of Own Securities

British Portfolio Trust PLC
14 August 2002


British Portfolio Trust plc announces that on 14th August 2002 it re-purchased,
for cancellation, 250,000 Ordinary 1p Shares (representing 0.58% of the issued
Ordinary capital), at a price of 107p per Ordinary Share.

Settlement and cancellation of the re-purchased 250,000 Ordinary Shares is due
on 19th August 2002 when the issued share capital of the Trust will fall to
42,764,337 Ordinary 1p Shares.

Enquiries:

P W I Ingram

Company Secretary

Tel: [phone]

As at 14th August 2002


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