Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 30 September 2015

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

Pacific Assets Trust plc as at 30 September 2015

Top Ten Equity Holdings	%
Tech Mahindra	6.1
Vitasoy International Holdings	6.0
Marico	5.2
Dr. Reddy’s Laboratories	3.7
Standard Foods	3.6
E.Sun Financial Holding	3.5
Manila Water	3.3
Idea Cellular	3.0
Taiwan Semiconductor Manufacturing	3.0
Ayala	2.9
Total	40.3
Geographical breakdown	%
India	34.9
Taiwan	16.7
Philippines	9.2
Hong Kong	7.5
China	3.8
Thailand	3.4
Indonesia	2.8
Singapore	2.7
Bangladesh	2.4
Sri Lanka	2.1
Malaysia	1.5
South Korea	1.2
United States*	0.6
Net Current Assets	11.2
Total	100.0
Actual Gearing	0.0

*Represented by a company listed in the United States but whose economic activities are predominantly within the Asia Pacific region.

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

- ENDS-

13 October 2015

Frostrow Capital LLP

Secretary