Portfolio Update

British Portfolio Trust PLC
1 March 2005



                        BRITISH PORTFOLIO TRUST PLC

                   TOP 10 HOLDINGS AS AT 28 FEBRUARY 2005

Stock Name                                    Market Value               %
                                                   £

BP                                               5,979,939             8.10
HSBC                                             4,643,799             6.29
Vodafone                                         4,413,343             5.98
Glaxosmithkline                                  3,768,130             5.10
Royal Bank Scotland                              3,017,941             4.09
Shell Transport & Trading                        2,931,865             3.97
Barclays                                         2,247,858             3.04
Astrazeneca                                      1,556,934             2.11
BT                                               1,344,852             1.82
Prudential                                       1,241,254             1.68

Total Gross Assets                              73,863,191


Enquiries:

Peter Ingram
Company Secretary
Tel. [phone]

1 March 2005



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