Net Asset Value(s) -Amendment

British Empire Sec & Gen Tst PLC
23 April 2007

BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

This announcement replaces announcement 3564V released at 1500 hrs today 23
April 2007 which showed an incorrect figure for Debentures at market value. It
is announced that the un-audited Net Asset Value of British Empire Securities
and General Trust plc (inclusive of accumulated income), which is managed by
Asset Value Investors Limited, at the close of business on 20 April 2007 was as
follows:


Net Asset Value (pence per share)  - Debentures at par value:           483.45
Net Asset Value (pence per share)  - Debentures at market value:        479.82

Phoenix Administration Services Limited - Secretary




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