Net Asset Value(s)

PACIFIC ASSETS TRUST PLC                                                                

NET ASSET VALUE

The estimated un-audited net asset value per share, calculated in accordance with the guidelines of the Association of Investment Companies, for Pacific Assets Trust plc at the close of business on 4 May 2023 was 375.52p (cum income).

For and on behalf of the Board
Frostrow Capital LLP
Secretary

05 May 2023