Dividend Declaration

British Assets Trust PLC
30 January 2007

BRITISH ASSETS TRUST PLC

TO:      RNS

DATE  30 January 2007

FROM:  British Assets Trust plc

Increased First Quarterly Dividend

The Board of British Assets Trust plc announces that it is declaring an
increased first quarterly dividend, in respect of the year to 30 September 2007,
of 1.356 pence per share on the ordinary shares of the Company.  This dividend
will be paid on 10 April 2007 to shareholders on the register on 9 March 2007.

The last date for receipt of mandate instructions for those shareholders who
wish to join the Dividend Reinvestment Plan is 20 March 2007.

For further information please contact:

G R Hay Smith
Company Secretary
F&C Asset Management plc
Tel:   [phone]



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