Portfolio Update

British Portfolio Trust PLC
5 August 2004


BRITISH PORTFOLIO TRUST PLC

In accordance with the Listing Rules Chapter 21.20 l (i), the Company announces
that at close of business on 30 July 2004 it had the following investments in
other listed investment companies (including listed investment trusts) which
themselves do not have stated investment policies to invest no more than 15% of
their gross assets in other listed investment companies (including listed
investment trusts):

None.


Enquiries:
Peter Ingram
Tel: [phone]
5 August 2004



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