Director Shareholding

British Portfolio Trust PLC
03 February 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

British Portfolio Trust plc

2) Name of director

S R T White

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-

beneficial interest or in the case of an individual holder if it is a

holding of that person's spouse or children under the age of 18 or in

respect of a non-beneficial interest

Director in 2 above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

Frank Nominees Limited

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

-

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Acquisition of new Ordinary Shares following rollover from Jos Holdings plc

7) Number of shares/amount of stock acquired:

22,778


8) Percentage of issued class

0.05%

9) Number of shares/amount of stock disposed

-

10) Percentage of issued class

-

11) Class of security

Ordinary 1p shares


12) Price per share

95.3139p


13) Date of transaction

3rd February 2003


14) Date company informed

3rd February 2003

15) Total holding following this notification

43,178


16) Total percentage holding of issued class following this notification

0.09%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

-

18) Period during which or date on which exercisable

-

19) Total amount paid (if any) for grant of the option

-

20) Description of shares or debentures involved: class, number

-

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise

-

22) Total number of shares or debentures over which options held
following this notification

-

23) Any additional information

-

24) Name of contact and telephone number for queries

Peter Ingram 020 7475 6410



25) Name and signature of authorised company official responsible for
making this notification

Peter Ingram


Date of Notification      3rd February 2003


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