Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")

All data as at 31 August 2012

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

Pacific Assets Trust plc as at 31 August 2012
 
Top Ten Equity Holdings              %


Manila Water                        6.0

Taiwan Semiconductor Manufacturing  5.9

AmorePacific                        5.8

Marico                              5.3

DBS Group                           4.7

Towngas China                       4.3

Kasikornbank                        4.2

Singapore Telecommunications        3.7

Samsung Fire & Marine Insurance     3.5

Satyam Computer Services            3.3

Total                              46.7


 
Geographical breakdown               %


Singapore                          16.4

Taiwan                             15.0

India                              14.7

South Korea                        13.8

Hong Kong                          11.2

Philippines                        10.0

Thailand                            5.9

Malaysia                            5.4

Liquidity                           4.4

China                               1.5

Indonesia                           0.8

Japan                               0.4

Sri Lanka                           0.3

Bangladesh                          0.2

Total                              100.0
 
Actual Gearing                      0.0

 
Note: All percentages are based on Gross Assets.

                                   - ENDS-

20 September 2012

Frostrow Capital LLP

Secretary