Treasury Stock

British Portfolio Trust PLC
06 May 2005

British Portfolio Trust plc announces that on 6 May 2005 it purchased, to be
held in treasury, 100,000 Ordinary Shares at 135p per share (representing 0.21%
of the issued ordinary capital).

Settlement of the purchased 100,000 Ordinary Shares is due on 11 May 2005.

Following the purchase and non-cancellation of the 100,000 Ordinary Shares, the
total number of treasury shares held by the Company will be 100,000. The issued
share capital of the Company, less the total number of Ordinary Shares held in
Treasury, will be 46,126,502 Ordinary 1p Shares.

Enquiries:

P W I Ingram

Company Secretary

Tel: [phone]

6 May 2005






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