Portfolio Update

British Portfolio Trust PLC
06 April 2004

                          BRITISH PORTFOLIO TRUST PLC
                      TOP 10 HOLDINGS AS AT 31 MARCH 2004

Stock Name                                 Market Value               %
                                                      £

Vodafone                                      5,251,947            7.82
BP                                            5,056,005            7.53
HSBC                                          3,693,522            5.50
GlaxoSmithkline                               3,237,621            4.82
Royal Bank of Scotland                        2,806,364            4.18
AstraZeneca                                   1,916,168            2.85
Barclays                                      1,903,332            2.83
Shell Transport & Trading                     1,877,396            2.80
Kelda                                         1,378,375            2.05
Lloyds TSB                                    1,240,467            1.85

Total Assets less Current Liabilities        67,147,070

Enquiries:

Peter Ingram
Company Secretary
Tel. [phone]

6 April 2004


                      This information is provided by RNS
            The company news service from the London Stock Exchange        BLGDSIDGGGSL