Portfolio Update

British Portfolio Trust PLC
2 December 2004





                                      BRITISH PORTFOLIO TRUST PLC

                                TOP 10 HOLDINGS AS AT 30 NOVEMBER 2004

Stock Name                                                                Market Value               %
                                                                                £

BP                                                                           5,679,480             7.97
HSBC                                                                         4,768,222             6.69
Vodafone                                                                     4,595,378             6.45
GlaxoSmithkline                                                              3,337,659             4.68
Royal Bank of Scotland                                                       2,721,733             3.82
Shell Transport & Trading                                                    2,323,640             3.26
Barclays                                                                     2,144,599             3.01
AstraZeneca                                                                  1,553,137             2.18
NHP                                                                          1,482,823             2.08
Tesco                                                                        1,202,985             1.69

Total Gross Assets                                                          71,293,053


Enquiries:

Peter Ingram
Company Secretary
Tel. [phone]

2 December 2004


                      This information is provided by RNS
            The company news service from the London Stock Exchange