Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 29 February 2016

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

Pacific Assets Trust plc as at 29 February 2016

Top Ten Equity Holdings	%
Vitasoy International Holdings	6.3
Marico	6.2
Tech Mahindra	4.6
Standard Foods	4.4
Manila Water	4.2
Taiwan Semiconductor Manufacturing	3.5
Dr. Reddy’s Laboratories	3.4
Chroma Ate	3.1
Kotak Mahindra Bank	2.8
E. Sun Financial	2.8
Total	41.3
Geographical breakdown	%
India	32.3
Taiwan	18.7
Philippines	9.4
Hong Kong	7.0
China	3.8
Thailand	3.5
Indonesia	3.2
Sri Lanka	2.9
Bangladesh	2.8
Singapore	2.4
Malaysia	1.6
South Korea	1.3
United States*	0.6
Net Current Assets	10.5
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-

18 March 2016

Frostrow Capital LLP

Secretary