SCHEDULE 10                                                      
                                                                                                                       
                                       NOTIFICATION OF MAJOR INTERESTS IN SHARES                                       
 
1. Name of company
 
BRITISH & AMERICAN INVESTMENT TRUST PLC                                
 
2. Name of shareholder having a major interest
 
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
 
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
 
AS 2 ABOVE                                                             
 
5. Number of shares / amount of stock acquired
 
1,380,812                                                              
 
6. Percentage of issued class
 
5.52%                                                                  
 
7. Number of shares / amount of stock disposed
 
NIL                                                                    
 
8. Percentage of issued class
 
NIL                                                                    
 
9. Class of security
 
ORDINARY �1                                                            
 
10. Date of transaction
 
28/05/03                                                               
 

 
11. Date company informed
 
29/05/03                                                               
 
12. Total holding following this notification
 
1,380,812                                                              
 
13. Total percentage holding of issued class following this notification
 
5.52%                                                                  
 
14. Any additional information
 
TRANSFER BY EXECUTORS OF THE ESTATE OF SIR JOHN WOOLF TO BENEFICIARY   
 
15. Name of contact and telephone number for queries
 
K WILLIAMS 0207 201 3137                                               
 
16. Name and signature of authorised company official responsible for making this notification
 
KEITH WILLIAMS, COMPANY SECRETARY                                      
 
Date of notification
 
29 MAY 2003