Portfolio Update

GARTMORE ASIA PACIFIC TRUST PLC                                            
                                                                           
Portfolio information as at 31 July 2005.                                  
                                                                           
10 Largest Investments:                                                    
                                                                           
                                         Market Value                  % of
                                                                           
Company                                         £'000          Gross Assets
                                                                           
Samsung Elec GDR(NV0.5 Ord)                     1,037                   3.0
                                                                           
Murata Manufacturing JPY50                        860                   2.5
                                                                           
KasikornBank THB10 FB                             860                   2.5
                                                                           
Hutchison Whampoa HKD0.25                         855                   2.5
                                                                           
Don Quijote NPV                                   844                   2.4
                                                                           
Mitsui & Company JPY50                            840                   2.4
                                                                           
Nippon Elec Glass NPV                             830                   2.4
                                                                           
Hysan Development HKD5                            800                   2.3
                                                                           
Dai Nippon Ink & Chemicals JPY50                  775                   2.2
                                                                           
Mitsui Fudosan JPY50                              746                   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 21.20(l)(i):                                                  
                                                                           
Gross Assets:                                                              
                                                                           
Equities                                                              99.0%
                                                                           
Cash and other net current assets                                      1.0%
                                                                           
                                                                     ------
                                                                           
                                                                     100.0%
                                                                           
                                                                      =====
                                                                           
Total Gross Assets                                                   £34.6m