Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")                    

All data as at 31 October 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 October2013

Top Ten Equity Holdings                       %      
                                                     
Tech Mahindra                                5.5     
                                                     
Towngas China                                5.2     
                                                     
Marico                                       4.8     
                                                     
Taiwan Semiconductor Manufacturing           4.0     
                                                     
DBS Group                                    4.0     
                                                     
Kasikornbank                                 3.5     
                                                     
Public Bank                                  3.3     
                                                     
Samsung Fire & Marine Insurance              3.2     
                                                     
Manila Water                                 3.1     
                                                     
Delta Electronics (Thailand)                 3.0     
                                                     
Total                                        39.6    
                                                     
Geographical breakdown                        %      
                                                     
India                                        23.5    
                                                     
Taiwan                                       15.9    
                                                     
Singapore                                    11.6    
                                                     
South Korea                                  8.7     
                                                     
Philippines                                  8.4     
                                                     
Hong Kong                                    7.1     
                                                     
Liquidity                                    6.5     
                                                     
Thailand                                     6.5     
                                                     
Malaysia                                     5.7     
                                                     
China                                        4.0     
                                                     
Indonesia                                    1.0     
                                                     
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-                                    

15 November 2013

Frostrow Capital LLP

Secretary