Portfolio Update

GARTMORE ASIA PACIFIC TRUST PLC                                            
                                                                           
Portfolio information as at 31 March 2006.                                 
                                                                           
10 Largest Investments:                                                    
                                                                           
                                       Market Value                    % of
                                                                           
Company                                       £'000            Gross Assets
                                                                           
Mitsubishi UFJ Financial Group                2,102                     4.3
                                                                           
Toyota Motor JPY50                            1,854                     3.8
                                                                           
Sumitomo Mitsui Financial NPV                 1,582                     3.2
                                                                           
Hitachi Construction Machine NPV              1,527                     3.1
                                                                           
Nomura Holding Inco NPV                       1,369                     2.8
                                                                           
Diamond City NPV                              1,356                     2.8
                                                                           
Mitsui Fudosan JPY50                          1,348                     2.7
                                                                           
Orix JPY50                                    1,307                     2.7
                                                                           
Nomura Research Institute NPV                 1,304                     2.7
                                                                           
Asahi Kasei JPY50                             1,230                     2.5
                                                                           
.                                                                          
                                                                           
Investment Trust Companies:                                                
                                                                           
The Company had 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 15.4.11.                                                      
                                                                           
.                                                                          
                                                                           
Gross Assets:                                                              
                                                                           
Equities                                                             100.3%
                                                                           
Cash and other net current assets                                     -0.3%
                                                                           
                                                                     ------
                                                                           
                                                                     100.0%
                                                                           
                                                                      =====
                                                                           
Total Gross Assets                                                   £49.2m