Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")                    

All data as at 30 June 2013

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

Pacific Assets Trust plc as at 30 June 2013

Top Ten Equity Holdings                     %        
                                                     
Towngas China                              5.6       
                                                     
Marico                                     4.7       
                                                     
AmorePacific                               4.5       
                                                     
DBS Group                                  4.4       
                                                     
Taiwan Semiconductor Manufacturing         4.3       
                                                     
Kasikornbank                               3.8       
                                                     
Singapore Telecommunications               3.6       
                                                     
Satyam Computer Services                   3.6       
                                                     
Manila Water                               3.6       
                                                     
Public Bank                                3.3       
                                                     
Total                                      41.4      
  

                                                   
Geographical breakdown                      %        
                                                     
India                                      20.3      
                                                     
Taiwan                                     14.7      
                                                     
Singapore                                  13.9      
                                                     
South Korea                                11.4      
                                                     
Hong Kong                                  9.7       
                                                     
Philippines                                8.1       
                                                     
Thailand                                   6.5       
                                                     
Malaysia                                   6.3       
                                                     
Liquidity                                  4.6       
                                                     
China                                      3.4       
                                                     
Indonesia                                  0.5       
                                                     
Sri Lanka                                  0.3       
                                                     
Bangladesh                                 0.3       
                                                     
Total                                     100.0      
                                                     
Actual Gearing                             0.0       

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

                                    - ENDS-                                    

15 July 2013
Frostrow Capital LLP
Secretary