Monthly Fact Sheet as at 31 March 2023

Pacific Assets Trust plc

(the “Company”)

18 April 2023

Monthly Fact Sheet as at 31 March 2023 and Quarterly Shareholder Update

Pacific Assets Trust plc’s Fact Sheet as at 31 March 2023 has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website, www.pacific-assets.co.uk.

The Company’s quarterly shareholder update for the period 1 January 2023 to 31 March 2023 will also shortly be available on the Company's website.

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Frostrow Capital LLP

Company Secretary

Tel: [phone]