Special Dividend

British & American Inv Trust PLC
27 December 2000

SECOND SPECIAL DIVIDEND
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *BAF
SEDOL CODE              *065-311
DIVIDEND AMOUNT         *2.5p
PROVISIONAL EX DATE     *15-01-01
RECORD DATE             *19-01-01
PAYMENT DATE            *29-01-01
NOTES *This payment is the first instalment of the second special dividend. The
       second instalment of 2.5p will be paid in the the second half of next
       year.