Director Declaration

12 January 2015

                           PACIFIC ASSETS TRUST plc                            

                                (the "Company")                                

             Notification of Board changes and Directors' details              

Announcement is made in respect of paragraph 9.6.14R of the Listing Rules on
behalf of Maria Charlotta Ginman-Jones (known as Ms Charlotta Ginman),
non-executive Director.

The Company hereby announces that Ms Charlotta Ginman, non-executive Director,
will be appointed as a non-executive Director of Polar Capital Technology Trust
PLC with effect from 2 February 2015.

                                    - END -                                    

Contact information:

Mark Pope - 020 3 008 4913
Frostrow Capital LLP
Company Secretary