Portfolio Update

British Empire Sec & Gen Tst PLC
03 October 2006


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 30 September 2006 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                                    21,703,008                            2.97
Hansa Trust Plc 'A' Ordinary 5p                                 9,047,470                            1.25
Advance UK Trust Plc Ord 1p                                     4,965,587                            0.68
Total                                                          35,716,065                            4.90


In accordance with Listing Rule 15.4.11 (2), British Empire Securities and
General Trust plc announces that at 30 September 2006 the ten largest
investments were as follows:

Company                                                  Market value (£)         Percentage of portfolio

Treasury 7.5% 07/12/2006                                       63,277,201                            8.62
Treasury 4.5% 07/03/2007                                       59,885,999                            8.16
Investor AB 'A' SEK6.25                                        23,068,970                            3.15
Treasury 5% 07/03/2008                                         22,030,800                            3.00
Alliance Trust Plc Ordinary 2.5p                               21,703,008                            2.97
Jardine Strategic Holdings USD0.5                              18,164,829                            2.50
Tokyu Corporation JPY50                                        17,392,691                            2.37
Sofina SA Common NPV                                           16,488,782                            2.26
Electra Private Equity Plc Ord                                 15,544,049                            2.15
Hutchison Whampoa HKD0.25                                      14,525,240                            1.98
Total                                                         272,081,569                           37.16

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 October 2006


                      This information is provided by RNS
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