Purchase of Own Securities

British Assets Trust PLC
3 May 2000

British Assets Trust PLC


The Board of British Assets Trust announce that on 3 May 2000, the Company
purchased 24,000 units of £0.10 nominal each of Equities Index Unsecured Loan
Stock 2005 (EIULS) for cancellation, at a price of 289.00 pence per unit.  The
Company has now bought in for cancellation a total of 129,790,142 units
representing 92.12 per cent of the original units of EIULS issued.  The
Company now has 11,105,201 units of EIULS in issue.


Gordon J Humphries, Secretary, British Assets Trust PLC


Enquiries  :               Gordon Humphries,   tel: [phone]