Annual Report & Accounts

BRITISH  &  AMERICAN  INVESTMENT  TRUST  PLC

Annual Report and Accounts/Notice of AGM/Proxy Form

A copy of the Annual Report and Accounts for the year ended 31st December 2003 which contains
notice of the company's forthcoming annual general meeting and proxy form has been submitted to
the UK Listing Authority and will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

BRITISH & AMERICAN INVESTMENT TRUST PLC