Transaction in Own Shares

British Portfolio Trust PLC
14 April 2004


British Portfolio Trust plc announces that on 14 April 2004 it purchased, for
cancellation, 125,000 Ordinary ranking 1p Shares (representing 0.26% of the
issued Ordinary Capital), at a price of 121p per Ordinary Share

Settlement and cancellation of the purchased 125,000 Ordinary ranking Shares is
due on 19 April 2004 when the issued share capital of the Trust will fall to
48,323,561 Ordinary 1p Shares.

Enquiries:

P W I Ingram

Company Secretary

Tel: [phone]

14 April 2004






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