Portfolio Update

British Empire Sec & Gen Tst PLC
03 April 2007

BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

In accordance with Listing Rule 15.4.11 (1), British Empire Securities and
General Trust plc announces that at 31 March 2007 it had the following holdings
in other UK listed investment companies (including listed investment trusts)
which do not have a stated investment policy to invest no more than 15% of their
gross assets in other listed UK investment companies (including listed
investment trusts):


Name                                                     Market Value (£)         Percentage of portfolio

Alliance Trust Plc Ord 2.5p                                    22,456,158                            2.85
Hansa Trust Plc 'A' Ordinary 5p                                 8,977,462                            1.14
Advance UK Trust Plc Ord 1p                                     5,642,712                            0.72
Total                                                          37,076,332                            4.71



In accordance with Listing Rule 15.4.11 (2), British Empire Securities and
General Trust plc announces that at 31 March 2007 the ten largest investments
were as follows:


Company                                                  Market value (£)         Percentage of portfolio

Treasury 5% 07/03/2008                                         51,792,000                            6.58
Treasury 7.25% 07/12/2007                                      50,560,000                            6.42
Investor AB 'A' SEK6.25                                        28,055,262                            3.56
Alliance Trust Plc Ordinary 2.5p                               22,456,158                            2.85
Paris Orleans et Cie SA EUR7.62                                22,123,403                            2.81
Sofina SA Common NPV                                           21,967,069                            2.79
Jardine Strategic Holdings USD0.05                             21,416,533                            2.72
NTT Urban Development Corp NPV                                 19,735,649                            2.51
Tokyu Corporation Common                                       18,771,524                            2.38
Electra Private Equity Plc Ord                                 18,434,090                            2.34
Total                                                         275,311,688                           34.96

Except as stated above there were no investments with a value greater than 5% of
the Company's portfolio.

Phoenix Administration Services Limited - Secretary

3 April 2007


                      This information is provided by RNS
            The company news service from the London Stock Exchange                    D