SCHEDULE 11                                                      
                                                                                                                       
                             NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS                              
 
1. Name of company
 
BRITISH & AMERICAN INVESTMENT TRUST PLC                                
                                                                       
 
2. Name of director
 
JONATHAN CHARLES WOOLF                                                 
 
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 ABOVE                                                             
 
4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if
notified)
 
AS 2 ABOVE                                                             
 
5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify
the connected person(s)
 
NO                                                                     
 
6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and
if discretionary/non discretionary
 
TRANSFER OF SHARES BY EXECUTORS OF THE ESTATE OF SIR JOHN WOOLF TO     
BENEFICIARY                                                            
 
7. Number of shares / amount of stock acquired
 
1,380,812                                                              
 
8. Percentage of issued class
 
5.52%                                                                  
 
9. Number of shares/amount of stock disposed
 
NIL                                                                    
 
10. Percentage of issued class
 
NIL                                                                    
 
11. Class of security
 
ORDINARY �1                                                            
 
12. Price per share
 
N/A                                                                    
 
13. Date of transaction
 
28 MAY 03                                                              
 
14. Date company informed
 
29 MAY 03                                                              
 
15. Total holding following this notification
 
1,380,812                                                              
 
16. Total percentage holding of issued class following this notification
 
5.52                                                                   
 
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
 

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

 
Date of Notification