Portfolio Update

British Portfolio Trust PLC
08 June 2004


                       BRITISH PORTFOLIO TRUST PLC
                  TOP 10 HOLDINGS AS AT 28 MAY 2004


Stock Name                            Market Value               %
                                           £

BP                                       5,297,163            7.81
Vodafone                                 4,591,583            6.77
HSBC                                     3,693,522            5.45
GlaxoSmithkline                          3,455,887            5.10
Royal Bank of Scotland                   2,787,745            4.11
Shell Transport & Trading                2,082,034            3.07
AstraZeneca                              1,929,839            2.85
Barclays                                 1,888,439            2.79
Lloyds TSB                               1,292,966            1.91
HBOS                                     1,142,421            1.68

Total Gross Assets                       67,806,609

Enquiries:

Peter Ingram
Company Secretary
Tel. [phone]

8 June 2004


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