Portfolio Update

GARTMORE ASIA PACIFIC TRUST PLC                                            
                                                                           
Portfolio information as at 30 April 2006.                                 
                                                                           
10 Largest Investments:                                                    
                                                                           
                                       Market Value                    % of
                                                                           
Company                                       £'000            Gross Assets
                                                                           
Toyota Motor JPY50                            1,894                     3.9
                                                                           
Takeda Pharmaceutical Company NPV             1,677                     3.5
                                                                           
Mitsubishi UFJ Financial Group                1,484                     3.1
                                                                           
Don Quijote NPV                               1,404                     2.9
                                                                           
Shin-Etsu Chemical JPY50                      1,380                     2.8
                                                                           
Tokyo Electron JPY50                          1,304                     2.7
                                                                           
Asahi Kasei JPY50                             1,217                     2.5
                                                                           
Sumitomo Mitsui Financial NPV                 1,217                     2.5
                                                                           
Orix JPY50                                    1,203                     2.5
                                                                           
Rohm JPY50                                    1,168                     2.4
                                                                           
.                                                                          
                                                                           
Investment Trust Companies:                                                
                                                                           
The Company had no investments in listed investment companies that         
                                                                           
do not have a stated investment policy to invest no more than 15% of their 
                                                                           
gross assets in other UK listed investment companies (including investment 
                                                                           
trusts) and which must therefore be disclosed in accordance with UKLA      
                                                                           
Listing Rule 15.4.11.                                                      
                                                                           
.                                                                          
                                                                           
Gross Assets:                                                              
                                                                           
Equities                                                              93.3%
                                                                           
Cash and other net current assets                                      6.7%
                                                                           
                                                                     ------
                                                                           
                                                                     100.0%
                                                                           
                                                                      =====
                                                                           
Total Gross Assets                                                   £48.5m