Holding(s) in Company

British Empire Sec & Gen Tst PLC
19 January 2005

                                  SCHEDULE 10

                  NOTIFICATION OF MAJOR INTEREST(S) IN SHARES



 1. Name of company

    British Empire Securities and General Trust plc

 2. Name of shareholder having a major interest

    Axa SA and Group Companies

 3. Please state whether notification indicates that it is in respect of holding
    of the shareholder named in 2 above, or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

    Shareholder named in 2 above

 4. Name of registered holder(s) and, if more than one holder, the number of
    shares held by each of them

    HSBC Global Custody Nominee (UK) Limited - 4,725,000

    HSBC Global Custody Nominee (UK) Limited - 5,990,000

    Smith & Williamson Nominees Limited - 153,455

    BNY (OCS) Nominees Limited - 75,304

    Sun Life International - 52,012

 5. Number of shares/amount of stock acquired

    n/a

 6. Percentage of issued class

    n/a

 7. Number of shares/amount of stock disposed

    not disclosed

 8. Percentage of issued class

    0.17%

 9. Class of security

     Ordinary shares of 10p each

10. Date of transaction

    not disclosed

11. Date company informed

    19 January 2005

12. Total holding following this notification

    10,995,771

13. Total percentage holding of issued class following this notification

    6.87%

14. Any additional information





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