Portfolio Update

Pacific Assets Trust PLC
04 February 2008



To:          RNS

From:        Pacific Assets Trust plc

Date:        04-Feb-08


Portfolio Update


The largest ten investments and all investments with a value greater than 5% of
total assets as at 31-Jan-08 are


Pacific Assets Trust

Top 10 Holdings

Company                                            % Total Assets

Sime Darby Berhad                                  4.8
China Mobile Limited                               3.7
IOI Corporation                                    3.5
Keppel Corp                                        3.4
China Shipping Dev H                               3.3
Hang Lung Properties                               3.2
Astra International                                3.1
GS Engineering & Con                               2.8
Chi Mei Optoelectron                               2.8
Hon Hai Precision                                  2.7


This announcement is made in accordance with the UKLA Listing Rules.



                      This information is provided by RNS
            The company news service from the London Stock Exchange