Transaction in Own Shares

British Portfolio Trust PLC
04 March 2004

British Portfolio Trust plc announces that on 4 March 2004 it purchased, for
cancellation, 76,944 Ordinary ranking 1p Shares (representing 0.16% of the
issued Ordinary Capital), at a price of 124p per Ordinary Share

Settlement and cancellation of the purchased 76,944 Ordinary ranking Shares is
due on 9 March 2004 when the issued share capital of the Trust will fall to
49,291,561 Ordinary 1p Shares.

Enquiries:
P W I Ingram
Company Secretary
Tel: [phone]
4 March 2004






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