Portfolio Update

2 Jun 2005 16:05

Collective Assets Trust PLC02 June 2005 To: RNS From: Collective Assets Trust plc Date: 02-Jun-05 Listing Rule 21 In accordance with paragraph 21.20 l (i) of the Listing Rules Collective AssetsTrust plc announces that, as at 31-May-05, it had investments in the followinginvestment companies which do not have stated investment policies to invest nomore than 15% of their gross assets in other listed investment companies: Holding % of Gross Assets Independent Investment Trust plc 4.26%The Second Alliance Trust 4.41% Total 8.67% For further information please contact: Gordon Hay SmithF&C Asset Management plc0131 465 1000 This information is provided by RNS The company news service from the London Stock Exchange