Portfolio Update

GARTMORE ASIA PACIFIC TRUST PLC                                            
                                                                           
Portfolio information as at 31 August 2005.                                
                                                                           
10 Largest Investments:                                                    
                                                                           
                                         Market Value                  % of
                                                                           
Company                                         £'000          Gross Assets
                                                                           
Mitsui Fudosan JPY50                            1,002                   2.9
                                                                           
Mitsubishi Tokyo Financial Gp NPV                 972                   2.8
                                                                           
Samsung Elec                                      967                   2.8
                                                                           
Nippon Elec Glass NPV                             958                   2.7
                                                                           
Mitsui & Company JPY50                            948                   2.7
                                                                           
Don Quijote NPV                                   914                   2.6
                                                                           
Murata Manufacturing JPY50                        901                   2.6
                                                                           
KasikornBank THB10 FB                             890                   2.6
                                                                           
Mizuho Financial Group NPV                        805                   2.3
                                                                           
Dai Nippon Ink & Chemicals JPY50                  774                   2.2
                                                                           
.                                                                          
                                                                           
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                                                              99.6%
                                                                           
Cash and other net current assets                                      0.4%
                                                                           
                                                                     ------
                                                                           
                                                                     100.0%
                                                                           
                                                                      =====
                                                                           
Total Gross Assets                                                   £34.9m