Portfolio Update

GARTMORE ASIA PACIFIC TRUST PLC                                            
                                                                           
Portfolio information as at 31 December 2005.                              
                                                                           
10 Largest Investments:                                                    
                                                                           
                                       Market Value                    % of
                                                                           
Company                                       £'000            Gross Assets
                                                                           
Samsung Elec Spn GDR(V0.50 Reg S)             1,714                     3.6
                                                                           
Mitsubishi UFJ Financial Group                1,635                     3.5
                                                                           
Nissan Motor JPY50                            1,489                     3.2
                                                                           
Fuji Electric JPY50                           1,280                     2.7
                                                                           
Mitsui Fudosan JPY50                          1,206                     2.6
                                                                           
East Japan Railway NPV                        1,197                     2.5
                                                                           
Sharp JPY50                                   1,151                     2.4
                                                                           
Teijin NPV                                    1,109                     2.4
                                                                           
Sumitomo Electric Industries JPY50            1,098                     2.3
                                                                           
Hitachi Construction Machine NPV              1,086                     2.3
                                                                           
.                                                                          
                                                                           
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                                                              97.4%
                                                                           
Cash and other net current assets                                      2.6%
                                                                           
                                                                     ------
                                                                           
                                                                     100.0%
                                                                           
                                                                      =====
                                                                           
Total Gross Assets                                                   £47.0m