Holding in Company

British Empire Sec & Gen Tst PLC
26 June 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

BRITISH EMPIRE SECURITIES & GENERAL TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

MILLENNIUM PARTNERS LP

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

AS IN 2

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

MILLENNIUM PARTNERS LP - 17,635,000
BC NOMINEES NO 2 LTD   -  9,275,000

5)   Number of shares/amount of stock acquired.

3,050,000

6)   (1.73%) of issued Class

7)   Number of shares/amount of stock disposed

-

8)   ( - %) of issued Class

9)   Class of security

ORDINARY 10P

10)  Date of transaction

-

11)  Date company informed

25TH JUNE 2001

12)  Total holding following this notification

26,910,000
               
              
13)  Total percentage holding of issued class following this notification

15.26%

14)  Any additional information



15)  Name of contact and telephone number for queries

ANDREW NICHOLSON
FRIENDS IVORY & SIME PLC
0131 465 1071

16)  Name and signature of authorised company official responsible for 
     making this notification
                             
                             MICHAEL CAMPBELL
     Date of Notification    26TH JUNE 2001