BRITISH EMPIRE TRUST PLC

It is announced that the un‑audited Net Asset Value per Ordinary share (inclusive of accumulated income) of British Empire Trust plc, an investment trust managed by Asset Value Investors Limited, at the close of business on 19th March 2018 was as follows:

Net Asset Value ‑ Debt at par value:           802.97 pence

Net Asset Value ‑ Debt at market value:     795.74 pence

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Legal Entity Identifier 213800QUODCLWWRVI968

20 March 2018