Portfolio Update

Henderson Strata Investments PLC
04 May 2005


HENDERSON STRATA INVESTMENTS PLC
HENDERSON GLOBAL INVESTORS
4 MAY 2005

                        HENDERSON STRATA INVESTMENTS PLC

                                Listing Rule 21

In accordance with paragraph 21.20 (l) (ii) of the Listing Rules, Henderson
Strata Investments plc announces its ten largest investments as at 30 April
2005.

T & F INFORMA
CLINTON CARDS
ROYALBLUE
HENDERSON LIQUID ASSET STERLING FUND
THOMSON INTERMEDIA
ERINCEOUS GROUP
DICOM GROUP
ICM COMPUTER GROUP
METAL BULLETIN
CLARKE (T)

                                    - ENDS -


For further information, please call:

Colin Hughes
Henderson Strata Investments plc
Telephone: [phone]

or

James de Sausmarez
Head of Investment Trusts
Henderson Global Investors
Telephone: [phone]


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