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 31 January 2022 was 370.59p (ex income) 372.63p (cum income).

For and on behalf of the Board
Frostrow Capital LLP
Secretary

01 February 2022

UK 100