Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")                    

All data as at 31 July 2013

This data will be available on the Company's website, http://www.pacific-assets.co.uk shortly.

Pacific Assets Trust plc as at 31 July 2013

Top Ten Equity Holdings                     %        
                                                     
Towngas China                              5.3       
                                                     
AmorePacific                               4.7       
                                                     
Tech Mahindra                              4.7       
                                                     
DBS Group                                  4.5       
                                                     
Marico                                     4.4       
                                                     
Taiwan Semiconductor Manufacturing         3.8       
                                                     
Manila Water                               3.5       
                                                     
Kasikornbank                               3.5       
                                                     
Public Bank                                3.2       
                                                     
Samsung Fire & Marine Insurance            3.1       
                                                     
Total                                      40.7      
                                                     
Geographical breakdown                      %        
                                                     
India                                      21.2      
                                                     
Taiwan                                     13.9      
                                                     
Singapore                                  12.8      
                                                     
South Korea                                10.5      
                                                     
Hong Kong                                  9.3       
                                                     
Philippines                                8.1       
                                                     
Liquidity                                  6.9       
                                                     
Thailand                                   6.4       
                                                     
Malaysia                                   6.0       
                                                     
China                                      3.5       
                                                     
Sri Lanka                                  0.7       
                                                     
Indonesia                                  0.4       
                                                     
Bangladesh                                 0.3       
                                                     
Total                                     100.0      
                                                     
Actual Gearing                             0.0       

Note: All percentages are based on total assets less current liabilities

                                    - ENDS-                                    

14 August 2013

Frostrow Capital LLP

Secretary