Non-Mainstream Pooled Product Rules

NEWS RELEASE

13 January 2014

                   PACIFIC ASSETS TRUST plc (the "COMPANY")                    

                      Non-Mainstream Pooled Product Rules                      

The Board confirms that the Company currently conducts its affairs so that its
Ordinary Shares of 12.5p each (the "Shares") can be recommended by independent
financial advisers ("IFAs") to retail private investors in accordance with the
Financial Conduct Authority's ("FCA") rules in relation to non-mainstream
investment products and intends to continue to do so for the foreseeable
future.

The Shares are excluded from the FCA's restrictions which apply to
non-mainstream investment products because they are shares in a UK-listed
investment trust.

                                   - ENDS -                                    

For further information please contact:

Mark Pope, Frostrow Capital LLP

Company Secretary

Telephone [phone]