Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

Legal Entity Identifier 2138008U8QPGAESFYA48

All data as at 28 February 2017

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

Pacific Assets Trust plc as at 28 February 2017

Top Ten Equity Holdings	%
Vitasoy International Holdings	6.3
Tech Mahindra	5.6
Marico	4.9
Standard Foods	4.2
Taiwan Semiconductor Manufacturing	3.5
Kotak Mahindra Bank	3.1
Manila Water	2.9
Delta Electronics (Thailand)	2.9
Dr. Reddy’s Laboratories Chroma ATE	2.8 2.7
Total	38.9
Geographical breakdown	%
India	35.2
Taiwan Philippines	16.1 7.3
Hong Kong	6.3
Indonesia	4.4
Bangladesh	4.2
Thailand	4.0
Sri Lanka	3.2
South Korea Japan+	2.9 2.6
Singapore China	2.3 2.1
Malaysia	1.4
United States*	1.1
Net Current Assets	6.9
Total	100.0
Actual Gearing	0.0

+Represented by a company listed in Japan but whose economic activities are predominantly within the Asia Pacific region.

*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-

15 March 2017

Frostrow Capital LLP

Secretary