Portfolio Update

British Empire Sec & Gen Tst PLC
03 January 2008


BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

In accordance with Listing Rule 15.6.8 (1), British Empire Securities and
General Trust plc announces that at 31 December 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
Advance UK Trust Plc Ord 1p                    3,729,398                            0.47
Total                                          3,729,398                            0.47




In accordance with Listing Rule 15.6.8 (2), British Empire Securities and
General Trust plc announces that at 31 December 2007 the ten largest investments
were as follows:


Company                                      Market value (£)         Percentage of portfolio
Treasury 5% 07/03/2008                         50,005,001                            6.24
Treasury 4% 07/03/2009                         49,750,000                            6.21
Treasury 5.75% 07/12/2009                      43,596,501                            5.44
Investor AB 'A' SEK6.25                        30,053,138                            3.75
Sofina SA Common NPV                           27,552,580                            3.44
Jardine Strategic Holdings USD0.05             25,883,382                            3.23
Groupe Bruxelles Lambert SA NPV                23,186,970                            2.89
Jardine Matheson Holdings USDO.25              22,185,827                            2.77
Electra Private Equity Plc Ord                 20,710,941                            2.59
Paris Orleans et Cie SA EUR7.62                19,577,097                            2.44
Total                                         312,501,437                              39

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 January 2008


                      This information is provided by RNS
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