Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")                    

All data as at 31 August 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 August 2013

Top Ten Equity Holdings                %                
                                                        
Towngas China                          5.3              
                                                        
Tech Mahindra                          4.9              
                                                        
Marico                                 4.3              
                                                        
DBS Group                              3.9              
                                                        
Taiwan Semiconductor Manufacturing     3.9              
                                                        
Manila Water                           3.6              
                                                        
Samsung Fire & Marine Insurance        3.3              
                                                        
Public Bank                            3.2              
                                                        
Kasikornbank                           3.0              
                                                        
AmorePacific                           3.0              
                                                        
Total                                  38.4             
                                                        
Geographical breakdown                 %                
                                                        
India                                  20.7             
                                                        
Taiwan                                 14.8             
                                                        
Singapore                              11.7             
                                                        
Hong Kong                              9.4              
                                                        
South Korea                            8.9              
                                                        
Liquidity                              8.5              
                                                        
Philippines                            8.0              
                                                        
Malaysia                               6.1              
                                                        
Thailand                               6.0              
                                                        
China                                  3.9              
                                                        
Indonesia                              0.9              
                                                        
Sri Lanka                              0.7              
                                                        
Bangladesh                             0.4              
                                                        
Total                                  100.0            
                                                        
Actual Gearing                         0.0              

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

                                    - ENDS-                                    

16 September 2013

Frostrow Capital LLP

Secretary