BRITISH EMPIRE TRUST PLC (the "Company")

Buy-back of own securities

The Company announces that on 24 March 2017, it bought back 298,000 Ordinary shares of 10p each in the capital of the Company (SEDOL: 0133508 / ISIN: GB0001335081), representing approximately 0.230% of the issued Ordinary share capital, at a price of 673.39 pence per Ordinary share. The Ordinary shares bought back will be placed in treasury.

As a result of the above transaction the Ordinary shares in issue, shares held in treasury, and the Total Voting Rights of the Company are now as follows:

Capita Company Secretarial Services Limited

Secretary

24 March 2017