Treasury Stock

British Portfolio Trust PLC
18 May 2005


British Portfolio Trust plc announces that on 18 May 2005 it purchased, to be
held in treasury, 50,000 Ordinary Shares at 135.5p per share (representing 0.11%
of the issued ordinary capital).

Settlement of the purchased 50,000 Ordinary Shares is due on 23 May 2005.

Following the purchase and non-cancellation of the 50,000 Ordinary Shares, the
total number of treasury shares held by the Company will be 150,000. The issued
share capital of the Company, less the total number of Ordinary Shares held in
Treasury, will be 46,059,002 Ordinary 1p Shares.


Enquiries:

P W I Ingram
Company Secretary
Tel: [phone]
18 May 2005



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