Portfolio Update

GARTMORE ASIA PACIFIC TRUST PLC                        

In accordance with Listing Rule 21.20(l)(ii), Gartmore Asia Pacific Trust PLC
announces that at 31st March 2005 the ten largest investments were as follows:

Company                                                 £'000     Percentage of
                                                                   Gross Assets
                                                                               
NTT Docomo                                              1,247               4.0
                                                                               
Mizuho Finl Gp                                          1,136               3.7
                                                                               
Nippon Mining Hldg                                      1,036               3.4
                                                                               
Mitsui Fudosan Co                                       1,028               3.3
                                                                               
UFJ Holdings                                            1,005               3.3
                                                                               
Suzuki Motor Corp                                         977               3.2
                                                                               
Sharp Corp                                                947               3.1
                                                                               
Tokyu Corp                                                929               3.0
                                                                               
Nomura Holdings                                           887               2.9
                                                                               
Nissan Motor Co                                           816               2.6

At 31st March 2005 there were no investments with a value greater than 5% of
the Company's gross assets.

Gartmore Investment Limited

Secretaries

4th April 2005