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UK Select Trust Ld (UKT)

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Tuesday 22 June, 2004

UK Select Trust Ld

Transaction in Own Shares

22nd June 2004

                    UK Select Trust Limited ('the Company')                    

                            Purchase of own shares                             

UK Select Trust Limited ('the Company') announces that on 22nd June 2004, it
purchased for cancellation 1,800,000 ordinary shares of 10p each in the Company
at 0.84125  pence per share.  The purchase represents approximately 4.353 per
cent of the Company's issued ordinary share capital.

Following this transaction the Company now has 39,550,435  shares in issue.