Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

Legal Entity Identifier 2138008U8QPGAESFYA48

All data as at 31 May 2017

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

Pacific Assets Trust plc as at 31 May 2017

Top Ten Equity Holdings	%
Vitasoy International Holdings	6.4
Marico	4.7
Tech Mahindra	4.3
Standard Foods	4.3
Taiwan Semiconductor Manufacturing	3.7
Kotak Mahindra Bank	3.6
Unicharm	3.0
Manila Water E. Sun Financial Holding Chroma ATE	3.0 2.7 2.6
Total	38.3
Geographical breakdown	%
India	34.6
Taiwan Philippines	17.3 8.3
Hong Kong	6.4
Indonesia	4.5
Bangladesh	4.3
Thailand Sri Lanka	3.6 3.1
South Korea Others Cash	3.1 9.9 4.9
Total	100.0

- ENDS-

21 June 2017

Frostrow Capital LLP

Secretary