Statement re Holdings in Investment Companies

Gartmore Distribution Trust PLC and GDT Securities PLC (together the Group) Holdings at 31st March 2004 in companies that do not have policies to invest not more than 15% in investment companies At 31st March 2004 the Group held the following investments: - BFS UK Dual Return Incs & Geared Units Blue Chip Value & Income Warrants The aggregate value of the investments listed above represents less than 1.1% of the Group's Gross Assets. Gartmore Investment Limited 5th April 2004