Purchase of Own Securities

British Empire Securities & General Trust PLC
17 November 1999

The Board of British Empire Securities and General Trust announces that on 17
November 1999, the Company purchased 30,000 units of Equities Index Unsecured
Loan Stock (EIULS) 2013 for cancellation, at a price of 302 pence per unit.
The Company now has 4,298,530 units of EIULS in issue.

For further information please contact:

John Walton, Ivory & Sime Asset Management Limited      0171 853 6900