Annual Information Update

10 August 2011

                           PACIFIC ASSETS TRUST plc                            

                                (the "Company")                                

                           ANNUAL INFORMATION UPDATE                           

                    For period 10 June 2010 to 31 July 2011                    

In accordance with the Prospectus Rule 5.2, the following summarises the
information that has been published or made available to the public by the
Company over the period 10 June 2010 to 31 July 2011.

In accordance with PR5.2.7 some of the announcements during the year may relate
to matters which have subsequently changed since the original announcement.

Company Announcements

With the exception of the daily net asset value announcements, the Company has
made the following announcements through PR Newswire (PRN):

Date of            Summary Description                      Method of          
Publication                                                 Publication        
                                                                               
13 July 2011       Portfolio Update                         PRN                
                                                                               
1 July 2011        Total Voting Rights                      PRN                
                                                                               
28 June 2011       Result of AGM                            PRN                
                                                                               
17 June 2011       Interim Management Statement             PRN                
                                                                               
8 June 2011        Holdings in Company                      PRN                
                                                                               
7 June 2011        Portfolio Update                         PRN                
                                                                               
1 June 2011        Total Voting Rights                      PRN                
                                                                               
20 May 2011        Portfolio Update                         PRN                
                                                                               
3 May 2011         Total Voting Rights                      PRN                
                                                                               
1 April 2011       Annual Financial Report                  PRN                
                                                                               
1 April 2011       Total Voting Rights                      PRN                
                                                                               
29 March 2011      Final Results                            PRN                
                                                                               
14 March 2011      Portfolio Update                         PRN                
                                                                               
1 March 2011       Total Voting Rights                      PRN                
                                                                               
10 February 2011   Portfolio Update                         PRN                
                                                                               
1 February 2011    Total Voting Rights                      PRN                
                                                                               
1 February 2011    Listing Rule 15.5.1(4)                   PRN                
                                                                               
10 January 2011    Portfolio Update                         PRN                
                                                                               
6 January 2011     Holdings in Company                      PRN                
                                                                               
4 January 2011     Total Voting Rights                      PRN                
                                                                               
17 December 2010   Interim Management Statement             PRN                
                                                                               
17 December 2010   Director/PDMR Shareholding               PRN                
                                                                               
13 December 2010   Portfolio Update                         PRN                
                                                                               
1 December 2010    Total Voting Rights                      PRN                
                                                                               
25 November 2010   Director/PDMR Shareholding               PRN                
                                                                               
9 November 2010    Portfolio Update                         PRN                
                                                                               
8 November 2010    Holdings in Company                      PRN                
                                                                               
1 November 2010    Total Voting Rights                      PRN                
                                                                               
19 October 2010    Director/PDMR Shareholding               PRN                
                                                                               
18 October 2010    Director/PDMR Shareholding               PRN                
                                                                               
18 October 2010    Director/PDMR Shareholding               PRN                
                                                                               
11 October 2010    Portfolio Update                         PRN                
                                                                               
6 October 2010     Holdings in Company                      PRN                
                                                                               
5 October 2010     Holdings in Company                      PRN                
                                                                               
1 October 2010     Total Voting Rights                      PRN                
                                                                               
30 September 2010  Doc re Half yearly Report                PRN                
                                                                               
30 September 2010  Half yearly Report                       PRN                
                                                                               
30 September 2010  Director/PDMR Shareholding               PRN                
                                                                               
27 September 2010  Preliminary Announcement of Results      PRN                
                                                                               
15 September 2010  Portfolio Update                         PRN                
                                                                               
1 September 2010   Total Voting Rights                      PRN                
                                                                               
6 August 2010      Portfolio Update                         PRN                
                                                                               
5 August 2010      Director/PDMR Shareholding               PRN                
                                                                               
2 August 2010      Total Voting Rights                      PRN                
                                                                               
2 August 2010      Compliance with Model Code               PRN                
                                                                               
23 July 2010       Holdings in Company                      PRN                
                                                                               
23 July 2010       Holdings in Company                      PRN                
                                                                               
23 July 2010       Holdings in Company                      PRN                
                                                                               
19 July 2010       Portfolio Update                         PRN                
                                                                               
13 July 2010       Transaction in Own Shares                PRN                
                                                                               
29 June 2010       Result of AGM                            PRN                
                                                                               
18 June 2010       Interim Management Statement             PRN                
                                                                               
10 June 2010       Portfolio Update                         PRN                

Filings at Companies House

During the year the following documents were filed at Companies House on or
around the dates indicated.

Date               Document Number      Description                    
                                                                       
13 July 2011       Resolutions          Special Resolutions passed at  
                                        the AGM                        
                                                                       
3 June 2011        Annual Return        Annual Return                  
                                                                       
26 April 2011      Annual Accounts      Annual Report & Accounts       
                                                                       
4 August 2010      SH03                 Transaction in own shares      
                                        (treasury                      
                                                                       
14 July 2010       CH01                 Change of Director's Details   
                                                                       
14 July 2010       CH01                 Change of Director's Details   
                                                                       
14 July 2010       CH01                 Change of Director's Details   
                                                                       
14 July 2010       CH01                 Change of Director's Details   
                                                                       
14 July 2010       CH01                 Change of Director's Details   
                                                                       
13 July 2010       TM02                 Termination of appointment of  
                                        Secretary                      
                                                                       
13 July 2010       AD01                 Change of Registered Office    
                                                                       
12 July 2010       AP04                 Appointment of Corporate       
                                        Secretary                      

The following documents were filed with the National Storage Mechanism on or
around the dates indicated.

13 July 2011 - Special resolutions passed at the AGM held on 28 June 2011

9 June 2011 - Annual Report & Accounts

30 September 2010 - Interim Report

Copies of the documents that are required to be lodged at the FSA in accordance
with the Listing Rules, Prospectus Rules and Disclosure Rules are available for
inspection at the National Storage Mechanism website address www.hemscott.com/
nsm.do

Documents, including the Company's report and accounts are also available on
the Company's website, www.pacific-assets.co.uk, or can be obtained from the
Company Secretary.

Copies of documents filed at Companies House are available from:

Registrar of Companies

Companies House

Crown Way

Cardiff

CF14 3UZ

Tel: [phone]

They may also be downloaded from the website at www.directcompanieshouse.gov.uk

Further information may be obtained from:

Mark Pope

Frostrow Capital 25 Southampton Buildings

London

WC2A 1AL

Company Secretary

Tel. [phone]

Fax. [phone]