Half-yearly Report

NEWS RELEASE

                                                              30 September 2010

                           PACIFIC ASSETS TRUST plc                            

               Interim Report for the Six Months to 31 July 2010               

Copies of the above document have been submitted to the UK Listing Authority
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Document Disclosure Department

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel: [phone]

The Interim Report can also be viewed on the Company's website at:

www.pacific-assets.co.uk

For further information please contact:

Mark Pope, Company Secretary

Frostrow Capital LLP

Telephone [phone]

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