Purchase of Own Securities

British Portfolio Trust PLC
25 July 2003

British Portfolio Trust plc announces that on 25th July 2003 it re-purchased,
for cancellation, 40,000 Ordinary 1p Shares (representing 0.08% of the issued
Ordinary capital), at a price of 110p per Ordinary Share.

Settlement and cancellation of the re-purchased 40,000 Ordinary Shares is due on
30th July 2003 when the issued share capital of the Trust will fall to
47,654,821 Ordinary 1p Shares.

Enquiries:

P W I Ingram

Company Secretary

Tel: [phone]

25th July 2003






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