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UK Select Trust Ld (UKT)

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Tuesday 15 June, 2004

UK Select Trust Ld

Transaction in Own Shares - UK Select Trust

15th June 2004



                    UK Select Trust Limited ('the Company')                    


                            Purchase of own shares                             



UK Select Trust Limited ('the Company') announces that on 15th June 2004, it
purchased for cancellation 490,000 ordinary shares of 10p each in the Company
at 0.845  pence per share.  The purchase represents approximately 1.171 per
cent of the Company's issued ordinary share capital.


Following this transaction the Company now has 41,350,435  shares in issue.