Transaction in Own Shares

British Portfolio Trust PLC
26 January 2005

British Portfolio Trust plc announces that on 26 January 2005 it purchased, for
cancellation, 70,000 Ordinary 1p Shares (representing 0.15% of the issued
Ordinary Capital), at a price of 134.00p per Ordinary Share.

Settlement and cancellation of the purchased 70,000 Ordinary Shares is due on 31
January 2005 when the issued share capital of the Trust will fall to 46,659,502
Ordinary 1p Shares.

Enquiries:

P W I Ingram

Company Secretary

Tel: [phone]

26 January 2005






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