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UK Select Trust Ld (UKT)

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Thursday 04 November, 2004

UK Select Trust Ld

Transaction in Own Shares

04th November 2004

                    UK Select Trust Limited ('the Company')                    


                            Purchase of own shares                             


UK Select Trust Limited ('the Company') announces that on 04th November 2004,
it purchased for cancellation 120,678 ordinary shares of 10p each in the
Company at 0.8350 pence per share.  The purchase represents approximately 0.311
per cent of the Company's issued ordinary share capital.


Following this transaction the Company now has 38,713,064 shares in issue.