Statement re Top Ten Holdings

GARTMORE ASIA PACIFIC TRUST PLC                        

In accordance with Listing Rule 21.20(l)(ii), Gartmore Asia Pacific Trust PLC
announces that at 30th June 2004 the ten largest investments were as follows:

Company                                                 £'000     Percentage of
                                                                   Gross Assets
                                                                               
Toyota Motor Corp                                       1,338               4.4
                                                                               
Daiwa House Inds                                          966               3.1
                                                                               
Nitto Denko Corp                                          936               3.1
                                                                               
Mitsui Fudosan Co                                         925               3.0
                                                                               
Mitsui Sumitomo In                                        917               3.0
                                                                               
Lawson                                                    903               2.9
                                                                               
JSR Corp                                                  902               2.9
                                                                               
Jafco                                                     871               2.8
                                                                               
Tokyu Corp                                                864               2.8
                                                                               
Mitsubishi Tokyo                                          857               2.8

At 30th June 2004 there were no investments with a value greater than 5% of the
Company's gross assets.

Gartmore Investment Limited

Secretaries

2nd July 2004