Net Asset Value(s)

British Empire Sec & Gen Tst PLC
15 February 2006

BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

It is announced that the un-audited Net Asset Values of the above trust (pence
per share, inclusive of accumulated income) managed by Asset Value Investors
Limited, at the close of business on 14 February 2006 were as follows:
Net Asset Value per share - with Debentures at par value:                                         443.34 p
Net Asset Value per share - with Debentures at market value:                                      438.31 p

Phoenix Administration Services Limited - Secretary


















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