Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 31 July 2015

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

Pacific Assets Trust plc as at 31 July 2015

Top Ten Equity Holdings	%
Vitasoy International Holdings	5.6
Tech Mahindra	5.5
Marico	5.4
Standard Foods	4.3
Delta Electronics (Thailand)	3.6
Dr. Reddy’s Laboratories	3.4
Idea Cellular	3.3
Manila Water	3.1
E.Sun Financial Holding	3.1
Taiwan Semiconductor Manufacturing	3.1
Total	40.4
Geographical breakdown	%
India	33.2
Taiwan	16.7
Philippines	9.2
Hong Kong	7.1
Thailand	4.7
China	4.6
Malaysia	2.9
Singapore	2.9
Indonesia	2.8
Sri Lanka	1.9
Bangladesh	1.6
South Korea	1.2
United States*	0.5
Net Current Assets	10.7
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-

17 August 2015

Frostrow Capital LLP

Secretary