BAF British & American Investment Trust Plc

NET ASSET VALUE

British & American Investment Trust PLC announces that, as at 31^st March 2017, the value of the group’s investments and cash at banks  was £22.7  million and the unaudited consolidated net asset value of the company was not less than 50.9 pence per £1 ordinary share (prior charges deducted at par) and 64.9 pence per ordinary share on a fully diluted basis.