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UK Select Trust Ld (UKT)

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Thursday 27 January, 2005

UK Select Trust Ld

Transaction in Own Shares - UK Select Trust

27th January 2004

                    UK Select Trust Limited ('the Company')                    

                            Purchase of own shares                             

UK Select Trust Limited ('the Company') announces that on 27th January 2004, it
purchased for cancellation 85,000 ordinary shares of 10p each in the Company at
0.89  pence per share.  The purchase represents approximately 0.219 per cent of
the Company's issued ordinary share capital.

Following this transaction the Company now has 38,643,625  shares in issue.