RNS Number:2676S
British Assets Trust PLC
19 November 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

British Assets Trust plc

2. Name of director

Dr Christopher Masters

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 or in respect of a non-beneficial
interest

As 2 and Spouse

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

Dr Christopher Masters - 5,497


Henderson Nominees Ltd - 11,804

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

As 2 and Spouse

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Dividend Reinvestment Scheme

7. Number of shares / amount of stock acquired

214

8. Percentage of issued class

0.00006

9. Number of shares/amount of stock disposed




10. Percentage of issued class




11. Class of security




12. Price per share

#1.04

13. Date of transaction

10/10/03

14. Date company informed

19/11/03

15. Total holding following this notification

17,301

16. Total percentage holding of issued class following this notification

0.0049

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant




18. Period during which or date on which exercisable




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




20. Description of shares or debentures involved: class, number




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




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




23. Any additional information




24. Name of contact and telephone number for queries

Andrew Nicholson 0131 465 1071

25. Name and signature of authorised company official responsible for making
this notification

Gordon Hay Smith, Company Secretary

Date of Notification

19/11/03

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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