Last checked at 
5 Sep 2007 11:08
NET ASSET VALUE AND RULE 21.20 (L) DISCLOSURES
1. NET ASSET VALUE
British & American Investment Trust PLC announces that, as at 31st August 2007, the value of the group's investments and cash at banks was ‚£45.0 million and the unaudited consolidated net asset value of the company was not less than 139.9 pence per ‚£1 ordinary share (prior charges deducted at par) and 128.5 pence per ordinary share on a fully diluted basis.
2. RULE 21.20 (L) (i) DISCLOSURE
British & American Investment Trust PLC announces that, as at 31st August 2007,it held the following investments in UK listed investment companies, includinginvestment trusts, which have not declared an investment policy to invest lessthan 15% of their gross assets in other UK listed investment companies,including investment trusts.INVESTMENT % GROSS POLICY ASSETS The Alliance Trust 5.5 Undeclared RIT Capital Partners Plc 7.0 Undeclared Shires Income Plc 1.3 TOTAL 13.8%
In accordance with Listing Rule 21.20 (L) (i), as the total investment of British & American Investment Trust PLC in UK listed investment companies, including investment trusts, which have not declared an investment policy to invest less than 15% of their gross assets in other UK listed investment companies, including investment trusts, was greater than 10% of Gross Assets, no further investments in such companies will be made until such time as the total investments in such companies is below 10% of gross assets.
BRITISH & AMERICAN INVESTMENT TRUST PLC