Purchase of Own Securities

BRITISH ASSETS TRUST PLC
3 September 1999


REPURCHASE OF GROWTH SHARES

On 2 September 1999 British Assets Trust plc bought 250,000 of its own
ordinary shares for cancellation at a price of 136.00p each.  There are
320,810,000 growth shares in issue following this repurchase.


Gordon J Humphries
Secretary

Enquiries:  0131 465 1000