Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).


(1)    An issuer making a notification in respect of a transaction relating to 
       the shares or debentures of the issuer should complete boxes 1 to 16, 23
       and 24.                                                                 
                                                                               
(2)    An issuer making a notification in respect of a derivative relating to  
       the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16,
       23 and 24.                                                              
                                                                               
(3)    An issuer making a notification in respect of options granted to a      
       director/person discharging managerial responsibilities should complete 
       boxes 1 to 3 and 17 to 24.                                              
                                                                               
(4)    An issuer making a notification in respect of a financial instrument    
       relating to the shares of the issuer (other than a debenture) should    
       complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.              


PLEASE COMPLETE ALL RELEVANT BOXES IN BLOCK CAPITAL LETTERS.

1. Name of the issuer:

PACIFIC ASSETS TRUST plc                                                     

2. State whether the notification relates to:

 i. a transaction notified in accordance with DR 3.1.2R; or
   
ii. a disclosure made in accordance with LR9.8.6R(1); or
   
(iii) a disclosure made in accordance with section 793 of the Companies Act
2006

As (i)                                                                         

3. Name of person discharging managerial responsibilities/director:

Ms MARIA CHARLOTTA GINMAN (DIRECTOR)                                           

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person:

AS IN 3 ABOVE                                                                  

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest:

AS IN 3 ABOVE                                                                  

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares:

ORDINARY 12.5p SHARES                                                          

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them:

NOT STATED                                                                     

8. State the nature of the transaction:

ACQUISITION FOR ISA                                                            

9. Number of shares, debentures or financial instruments relating to shares
acquired:

6,989 ORDINARY SHARES                                                          

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage):

0.006%                                                                         

11. Number of shares, debentures or financial instruments relating to shares
disposed:

NOT APPLICABLE                                                                 

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage):

NOT APPLICABLE                                                                 

13. Price per share or value of transaction:

214.61p PER SHARE                                                              

14. Date and place of transaction:

31 MARCH 2015, LONDON                                                          

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage):

6,989 (0.006%)                                                                 

16. Date issuer informed of transaction:

31 MARCH 2015                                                                  

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17. Date of grant:

-                                                                              

18. Period during which or date on which it can be exercised:

-                                                                              

19. Total amount paid (if any) for grant of the option:

-                                                                              

20. Description of shares or debentures involved (class and number):

-                                                                              

21. Exercise price (if fixed at time of grant) or indication that price is to
be fixed at the time of exercise:

-                                                                              

22. Total number of shares or debentures over which options held following
notification:

-                                                                              

23. Any additional information:



24. Name of contact and telephone number for queries:

MARK POPE                                                                      
                                                                               
TEL: [phone]                                                            

Name and signature of duly authorised officer of issuer responsible for making
notification:



MARK POPE, FOR AND ON BEHALF OF FROSTROW CAPITAL LLP, COMPANY SECRETARY

Date of notification:

31 MARCH 2015                                                                  

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