Portfolio Update

British Portfolio Trust PLC
08 June 2004


                         BRITISH PORTFOLIO TRUST PLC
                   PORTFOLIO SUMMARY AS AT 28th May 2004


                                          Market Value              %
                                               £

FTSE 100 Index                             48,186,176            72.51
FTSE 250 Index                             13,377,169            20.13
FTSE Small Cap                              2,914,413             4.39
Cash                                          813,234             1.22
Other                                       1,162,575             1.75

Total Assets less Current Liabilities      66,453,567



Enquiries:

P W I Ingram
Company Secretary
Tel: [phone]
8th June 2004


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