Director/PDMR Shareholding

Annex DTR3

Notification of Transactions of Directors/Persons Discharging

Managerial Responsibility and Connected Persons

Please complete all relevant boxes should in block capital letters.


1.

Name of theissuer

PACIFIC ASSETS TRUST plc

2.

State whether the notification relates to (i) a transaction notified in accordance withDTR
3.1.2 R, (ii) a disclosure made in accordance with section 793 of the Companies Act 2006, or (iii) in accordance with paragraph 26 of the Model Code

NOTIFICATION RELATES TO (i)

3.

Name of person discharging managerial responsibilities/director

Mr NIGEL RICH (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.

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 interest1

Non-Beneficial Interest
 

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


 


State the nature of the transaction


ACQUISITION

9.

Number of shares, debentures or financial instruments relating to shares acquired


900 ORDINARY SHARES

10.

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

0.001%

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

190.50p PER SHARE

14.

Date and place of transaction

23 DECEMBER 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)

BENEFICIAL HOLDING 55,000 (0.05%)
NON-BENEFICIAL HOLDING 11,450 (0.01%)

16.

Date issuer informed of transaction

23 DECEMBER 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 exercisable
_____

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
020 3 008 4913

Name of authorised officer of issuer responsible for making notification

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

Date of notification:  23 December 2015

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 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.

UK 100

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