Portfolio Update

GARTMORE ASIA PACIFIC TRUST PLC                                            
                                                                           
Portfolio information as at 31 January 2006.                               
                                                                           
10 Largest Investments:                                                    
                                                                           
                                       Market Value                    % of
                                                                           
Company                                       £'000            Gross Assets
                                                                           
Mitsubishi UFJ Financial Group                1,941                     4.1
                                                                           
Samsung Elec Spn GDR(V0.50 Reg S)             1,509                     3.2
                                                                           
Kyocera JPY50                                 1,482                     3.2
                                                                           
Toyota Motor JPY50                            1,432                     3.1
                                                                           
Nippon Mining NPV                             1,384                     3.0
                                                                           
Stanley Electric JPY50                        1,358                     2.9
                                                                           
Sharp JPY50                                   1,340                     2.9
                                                                           
Sumitomo Mitsui Financial NPV                 1,310                     2.8
                                                                           
Nikko Cordial Corp NPV                        1,303                     2.8
                                                                           
Fuji Electric JPY50                           1,279                     2.7
                                                                           
.                                                                          
                                                                           
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                                                   £46.8m