Transaction in Own Shares

British Assets Trust PLC
26 October 2005

To:                RNS

From:              British Assets Trust PLC
               
Date:              26 October 2005


British Assets Trust PLC

Transaction in Own Shares



On 26 October 2005 British Assets Trust plc bought 1,000,000 of its own ordinary
shares for cancellation at a price of 119.50p each.  There are 322,312,282
ordinary shares in issue following this repurchase.







Gordon Hay Smith

Company Secretary, British Assets Trust PLC








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