Director/PDMR Shareholding

RNS Number : 8275P

British Assets Trust PLC

07 October 2011

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters.

1. Name of the issuer

BRITISH ASSETS TRUST PLC

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR9.8.6R(1)

or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006)

AS (ii)

3. Name of person discharging managerial responsibilities/director

LYNN CHRISTINE RUDDICK

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

AS 3

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

NON BENEFICIAL INTEREST

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

ORDINARY SHARES

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

PUDDLEDOCK NOMINEES

8. State the nature of the transaction

PURCHASE

9. Number of shares, debentures or financial instruments relating to shares acquired

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.000016%

11. Number of shares, debentures or financial instruments relating to shares disposed

N/A

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13. Price per share or value of transaction

115.2p

14. Date and place of transaction

07/10/11

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

BENEFICIAL HOLDING - 34,715 0.012%

NON-BENEFICIAL HOLDING - 3,765 0.0013%

16. Date issuer informed of transaction

07/10/11

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

18. Period during which or date on which it can be exercised

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

20. Description of shares or debentures involved (class and number)

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

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

23. Any additional information