Net Asset Value(s)

PACIFIC ASSETS TRUST PLC

NET ASSET VALUE

The estimated un-audited net asset value per share, calculated in accordance with the guidelines of the Association of Investment Companies, for Pacific Assets Trust plc at the close of business on 4 January 2019 was 276.62p (ex income) 280.18p (cum income).

For and on behalf of the Board

Frostrow Capital LLP

Secretary

07 January 2019

UK 100