Portfolio Update

GARTMORE ASIA PACIFIC TRUST PLC                                            
                                                                           
Portfolio information as at 30 June 2005.                                  
                                                                           
10 Largest Investments:                                                    
                                                                           
                                         Market Value                  % of
                                                                           
Company                                         £'000          Gross Assets
                                                                           
Tokyo Electric Power JPY500                       848                   2.6
                                                                           
Takeda Chemical Industries NPV                    847                   2.6
                                                                           
Nissan Motor JPY50                                829                   2.5
                                                                           
Mitsubishi Tokyo Financial Gp NPV                 815                   2.5
                                                                           
Zeon Corp JPY50                                   811                   2.5
                                                                           
Mitsui & Company JPY50                            809                   2.5
                                                                           
Dai Nippon Ink & Chemicals JPY50                  799                   2.4
                                                                           
Nippon Elec Glass NPV                             759                   2.3
                                                                           
UFJ Holdings NPV                                  757                   2.3
                                                                           
Murata Manufacturing JPY50                        745                   2.3
                                                                           
.                                                                          
                                                                           
Investment Trust Companies:                                                
                                                                           
The Company had the 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 21.20(l)(i):                                                  
                                                                           
Gross Assets:                                                              
                                                                           
Equities                                                              98.1%
                                                                           
Cash and other net current assets                                      1.9%
                                                                           
                                                                     ------
                                                                           
                                                                     100.0%
                                                                           
                                                                      =====
                                                                           
Total Gross Assets                                                   £32.9m