Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company") All data as at 31 May 2011 This data will be available on the Company's website, http:// www.pacific-assets.co.uk from 8 June 2011. Top Ten Equity Holdings % Taiwan Semiconductor Manufacturing 5.7 DBS Group 5.1 E.Sun Financial Holding 4.3 Manila Water 4.2 Singapore Telecommunications 4.1 Daegu Bank 3.5 Kasikornbank 3.4 Hong Kong & China Gas 3.4 Singapore Post 3.4 Samsung Fire & Marine Insurance 3.2 Total 40.3 Geographical breakdown % Taiwan 18.1 Singapore 17.1 Hong Kong 15.7 South Korea 11.7 India 10.0 Liquidity 9.3 Thailand 7.4 Philippines 7.0 China 2.5 Indonesia 0.5 Sri Lanka 0.5 Malaysia 0.2 Total 100.0 Actual Gearing 100.0 Note: All percentages are based on Gross Assets. - ENDS- 7 June 2011 Frostrow Capital LLP Secretary
UK 100