Purchase of Own Securities

British Assets Trust PLC
29 September 2000


British Assets Trust PLC

Press Release

REPURCHASE OF ORDINARY SHARES

On 29 September  2000 British Assets Trust plc bought 100,000 of its own
ordinary shares for cancellation at a price of 157.00p each.  There are
307,021,212 ordinary shares in issue following this repurchase.

The Company still has authority to buy-back for cancellation up to 11.75 per
cent of the ordinary shares in issue as at the date of the annual general
meeting held on 16 December 1999 when the buy-back authority was renewed by
shareholders.



Gordon J Humphries
Company Secretary, British Assets Trust PLC


Enquiries:       Gordon Humphries,   Tel: [phone]