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UK Select Trust Ld (UKT)

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Friday 26 November, 2004

UK Select Trust Ld

Transaction in Own Shares

26th November 2004



                    UK Select Trust Limited ('the Company')                    


                            Purchase of own shares                             

UK Select Trust Limited ('the Company') announces that on 26th November 2004,
it purchased for cancellation 111,000 ordinary shares of 10p each in the
Company at 0.87 pence per share.  The purchase represents approximately 0.29
per cent of the Company's issued ordinary share capital.

Following this transaction the Company now has 38,728,625 shares in issue.