Portfolio Update Quarterly portfolio update

Martin Currie Portfolio Investment Trust plc
                  Stock Exchange Announcement -2 February 2005


In  accordance  with  the Listing Rules, which require,  inter  alia,  UK-listed
investment  companies to notify to a Regulatory Information Service, within  two
business days of the end of each quarter, a list of all investments held by them
with  a  value  greater than 5% of the company's gross assets and at  least  the
company's  10 largest investments as at the last  business day of that  quarter,
Martin  Currie Portfolio Investment Trust plc announces that, as at  31  January
2005, its 10 largest investments were:

                                 % of gross
                                   assets
Martin Currie Capital Return        13.3
Trust
BP                                   8.4
HSBC Holdings                        5.5
Vodafone                             5.5
GlaxoSmithKline                      4.3
Royal Bank of Scotland               4.3
Tesco                                2.3
AstraZeneca                          2.1
BHP Billiton                         2.1
Anglo American                       1.8



For further information, please contact:

Michael Woodward
Martin Currie Investment Management Ltd                0131 229 5252