Transaction in Own Shares

British Portfolio Trust PLC
11 February 2005


British Portfolio Trust plc announces that on 11 February 2005 it purchased, for
cancellation, 52,000 Ordinary 1p Shares (representing 0.11% of the issued
Ordinary Capital), at a price of 141.00p per Ordinary Share.

Settlement and cancellation of the purchased 52,000 Ordinary Shares is due on 16
February 2005 when the issued share capital of the Trust will fall to 46,607,502
Ordinary 1p Shares.

Enquiries:

P W I Ingram

Company Secretary

Tel: [phone]

11 February 2005


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