Holding(s) in Company

For filings with the FCA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
1. Identity of the issuer or the underlying issuer of existing shares    Pacific Assets 
to which voting rights are attached:ii                                     Trust plc    
                                                                                        
2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                          Yes
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result      No 
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to            No 
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                     No 
                                                                                        
Other (please specify):                                                              No 
                                                                                        

 

3. Full name of person(s) subject to the notification        Lazard Asset Management LLC
obligation:iii                                                                          
                                                                                        
4. Full name of shareholder(s)  (if different from 3.):iv           MELLON TRUST        
                                                            MORGAN STANLEY PRIME BROKERAGE         
                                                                  NORTHERN TRUST CO     
                                                            STATE STREET BANK - CUSTODY MASTER TST         
                                                            STATE STREET BANK - MASTER TR-ETC           
                                                            STATE STREET BANK - CUSTODIAN - ETC      
                                                            BANK OF NEW YORK, INC - GLOBAL CUSTODY       
                                                               JP MORGAN CHASE - SWIFT 
                                                                     COMERCIA BANK       
                                                                                        
5. Date of the transaction and date on which the threshold        4 September 2014      
is crossed or reached: v                                                                
                                                                                        
6. Date on which issuer notified:                                 5 September 2014      
                                                                                        
7. Threshold(s) that is/are crossed or reached: vi, vii       Decrease From 19% to 18%  
                                                                                        

8. Notified details:
A: Voting rights attached to shares viii, ix

 

Class/type of      Situation previous             Resulting situation after            
shares              to the triggering                   the triggering                 
                       transaction                       transaction                   
                                                                                       
if possible using            Number                    Number            % of voting   
the ISIN CODE      Number      of      Number            of                rights x    
                     of      Voting      of            voting                          
                   Shares    Rights    shares          rights                          
                                                                                       
                                       Direct Direct xi  Indirect xii  Direct Indirect 
                                                                                       
     Ordinary                                                                          
                           22,255,971                     22,155,971           18.961% 
GB0006674385                                                                           
                                                                                       

 

B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        

 

Type of financial  Expiration       Exercise/           Number of voting    % of voting 
    instrument     date xiii  Conversion Period xiv    rights that may be      rights   
                                                        acquired if the                 
                                                         instrument is                  
                                                     exercised/ converted.              
                                                                                        
                                                                                        
                                                                                        

 

C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments xv, xvi                                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        

 

Type of financial  Exercise Expiration    Exercise/    Number of voting    % of voting  
    instrument      price    date xvii   Conversion   rights instrument  rights xix, xx 
                                        period xviii      refers to                     
                                                                                        
                                                                                        
                                                                                        
                                                                         Nominal  Delta 
                                                                                        
                                                                                        
                                                                                        

 

Total (A+B+C)                                                                           
                                                                                        

 

        Number of voting rights                    Percentage of voting rights          
                                                                                        
                 22,155,971                                  18.961%                    
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
Lazard Asset Management LLC controls all the voting rights held of this issuer.         
                                                                                        
                                                                                        
                                                                                        

 

Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                       n/a 
                                                                                        
11. Number of voting rights proxy holder will cease to hold:                        n/a 
                                                                                        
12. Date on which proxy holder will cease to hold voting rights:                    n/a 
                                                                                        

 

13. Additional information:                                      n/a                     
                                                                                         
14. Contact name:                                   Legal & Compliance Department        
                                                                                         
15. Contact telephone number:                               020 7 448 2119