RNS Number:5411U
British Assets Trust PLC
22 January 2004

To:     RNS

From:   British Assets Trust PLC

Date:   22 January 2004


British Assets Trust PLC

Transaction in Own Shares

On 22 January 2004 British Assets Trust plc bought 1,000,000 of its own ordinary
shares for cancellation at a price of 105.00p each. There are 351,112,282
ordinary shares in issue following this repurchase.


Gordon Hay Smith

Company Secretary, British Assets Trust PLC


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