Transaction in Own Shares

British Assets Trust PLC
04 August 2005


To:        RNS



From:      British Assets Trust PLC



Date:      4 August 2005


British Assets Trust PLC
Transaction in Own Shares


On 3 August 2005 British Assets Trust plc bought 850,000 of its own ordinary
shares for cancellation at a price of 122.50p each.  There are 323,312,282
ordinary shares in issue following this repurchase.


Gordon Hay Smith

Company Secretary, British Assets Trust PLC


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