Net Asset Value(s)

British Empire Sec & Gen Tst PLC
16 January 2006

BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

The Company announces that the un-audited Net Asset Values per share of the
above trust, managed by Asset Value Investors Ltd, at the close of business on
13 January 2006 were as follows:
Ordinary                                              433.02
Debentures at market value                            427.92

Phoenix Administration Services Limited - Secretary


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