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 9 January 2019 was 277.95p (ex income) 281.50p (cum income).

For and on behalf of the Board

Frostrow Capital LLP

Secretary

10 January 2019

UK 100