Loan Stock Interest Payment

British Empire Sec & Gen Tst PLC
09 July 2004

British Empire Securities and General Trust plc

Equities Index Unsecured Loan Stock 2013 - Interest Payment

The rate (gross of income tax) on the Equities Index Unsecured Loan Stock 2013
for the quarter ended 30 June 2004 is 1.646p per unit calculated on a net
dividend basis, equivalent to £16.46 per 1,000 units. The record date is 30 June
2004 and payment is being made today.

For Phoenix Administration Services Limited

Secretary

8 July 2004


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