BRITISH EMPIRE TRUST PLC (the "Company")

Buy-back of own securities

The Company announces that on 13 December 2017, it bought back 70,309 Ordinary shares of 10p each in the capital of the Company (SEDOL: 0133508 / ISIN: GB0001335081), representing approximately 0.054% of the issued Ordinary share capital, at a price of 714.1832 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:

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Secretary

13 December 2017

LEI: 213800QUODCLWWRVI968