Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")                    

All data as at 31 May 2013

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

Pacific Assets Trust plc as at 31 May 2013

Top Ten Equity Holdings                     %        
                                                     
Taiwan Semiconductor Manufacturing         6.0       
                                                     
Towngas China                              5.5       
                                                     
Marico                                     5.3       
                                                     
DBS Group                                  4.6       
                                                     
AmorePacific                               4.6       
                                                     
Manila Water                               4.1       
                                                     
Singapore Telecommunications               3.5       
                                                     
Satyam Computer Services                   3.3       
                                                     
Public Bank                                3.2       
                                                     
Axiata Group                               2.9       
                                                     
Total                                      43.0      
          
                                           
Geographical breakdown                      %        
                                                     
India                                      20.3      
                                                     
Taiwan                                     16.6      
                                                     
Singapore                                  13.8      
                                                     
South Korea                                11.4      
                                                     
Hong Kong                                  9.9       
                                                     
Philippines                                8.4       
                                                     
Malaysia                                   6.1       
                                                     
Thailand                                   5.3       
                                                     
Liquidity                                  3.8       
                                                     
China                                      3.4       
                                                     
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-                                    

11 June 2013
Frostrow Capital LLP
Secretary