Blocklisting Application

PACIFIC ASSETS TRUST plc

4 August 2015

Block Listing Application

Pacific Assets Trust plc has made an application to the UK Listing Authority for a block listing, for general business purposes, of 10,484,838 Ordinary Shares of 12.5 pence each to be admitted to the Official List and to the London Stock Exchange for the shares to be admitted to trading on its main market for listed securities.

Shares issued under the block listing will be used to satisfy demand that cannot be met through the secondary market and also to raise further money for investment in accordance with the Company's investment policy.  The block listing is expected to become effective at 8:00 a.m. on 5 August 2015.

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Enquiries:

Mark Pope Frostrow Capital LLP	020 3008 4913
David Yovichic Helen Goldsmith Canaccord Genuity Limited	020 7523 8000