Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")                    

All data as at 30 April 2013

This data will be available on the Company's website,
http://www.pacific-assets.co.uk shortly.

Pacific Assets Trust plc as at 30 April 2013

Top Ten Equity Holdings                     %        
                                                     
Taiwan Semiconductor Manufacturing         6.0       
                                                     
Marico                                     5.2       
                                                     
Towngas China                              5.1       
                                                     
AmorePacific                               4.7       
                                                     
DBS Group                                  4.5       
                                                     
Manila Water                               4.1       
                                                     
Singapore Telecommunications               3.6       
                                                     
Satyam Computer Services                   3.4       
                                                     
Public Bank                                3.1       
                                                     
Kasikornbank                               3.1       
                                                     
Total                                      42.8      
                                                 
    
Geographical breakdown                      %        
                                                     
India                                      18.8      
                                                     
Taiwan                                     16.0      
                                                     
Singapore                                  14.1      
                                                     
South Korea                                11.7      
                                                     
Hong Kong                                  10.2      
                                                     
Philippines                                8.3       
                                                     
Malaysia                                   6.0       
                                                     
Thailand                                   5.6       
                                                     
Liquidity                                  5.1       
                                                     
China                                      3.2       
                                                     
Indonesia                                  0.5       
                                                     
Sri Lanka                                  0.3       
                                                     
Bangladesh                                 0.2       
                                                     
Total                                     100.0      
                                                     
Actual Gearing                             0.0       

Note: All percentages are based on total assets less current liabilities

                                    - ENDS-                                    

28 May 2013
Frostrow Capital LLP
Secretary