Director Declaration

11 February 2015

                           PACIFIC ASSETS TRUST plc                            

                                (the "Company")                                

Director Declaration

Pursuant to LR 9.6.14, the Company acknowledges that Ms Maria Charlotta
Ginman-Jones (known as Ms Charlotta Ginman), a non-executive Director of the
Company, has been appointed as a non-executive Director to the Board of Consort
Medical plc with effect from 11 February 2015.

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Contact information:

Mark Pope - 0203 008 4913
Frostrow Capital LLP
Company Secretary