Purchase of Own Securities

BRITISH ASSETS TRUST PLC
26 July 1999


REPURCHASE OF GROWTH SHARES

On 26 July 1999 British Assets Trust plc bought 350,000 of its own growth
shares for cancellation at a price of 133 .00p each.  There are 60,140,000
growth shares in issue following this repurchase.

Gordon J Humphries
Secretary
Enquiries:  0131 465 1000