Portfolio Update

British Portfolio Trust PLC
4 May 2005


                                      BRITISH PORTFOLIO TRUST PLC
                                  TOP 10 HOLDINGS AS AT 29 April 2005

Stock Name                                       Market Value               %
                                                     £

BP                                                  5,324,191             7.46
HSBC                                                4,469,874             6.27
Vodafone                                            4,405,253             6.18
GlaxoSmithKline                                     3,977,302             5.58
Shell Transport & Trading                           2,822,165             3.96
Royal Bank Scotland                                 2,665,030             3.74
Barclays                                            2,132,685             2.99
AstraZeneca                                         1,734,273             2.43
Scottish & Southen Energy                           1,493,883             2.09
National Grid Transco                               1,434,409             2.01

Total Gross Assets                                 71,339,658


Enquiries:

Peter Ingram
Company Secretary
Tel. [phone]

4 May 2005


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