Portfolio Update

British Portfolio Trust PLC
02 August 2005


                                      BRITISH PORTFOLIO TRUST PLC

                                  TOP 10 HOLDINGS AS AT 31 July 2005

Stock Name                                          Market Value               %
                                                         £

BP                                                    6,278,410             7.89
HSBC                                                  4,939,471             6.20
Vodafone Group                                        4,745,052             5.96
Glaxosmithkline                                       4,455,765             5.60
Royal Dutch Shell                                     3,120,096             3.92
Royal Bank of Scotland                                2,868,145             3.60
Astrazeneca                                           1,943,509             2.44
Barclays                                              1,795,170             2.25
HBOS                                                  1,546,586             1.94
BT Group                                              1,469,899             1.85

Total Gross Assets                                   79,618,174


Enquiries:

Peter Ingram
Company Secretary
Tel. [phone]

2 August 2005

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