Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")                    

All data as at 31 January 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 January 2013

Top Ten Equity Holdings                     %        
                                                     
Taiwan Semiconductor Manufacturing         5.7       
                                                     
Marico                                     5.3       
                                                     
Manila Water                               4.9       
                                                     
AmorePacific                               4.9       
                                                     
DBS Group                                  4.2       
                                                     
Towngas China                              4.1       
                                                     
Satyam Computer Services                   3.8       
                                                     
Singapore Telecommunications               3.4       
                                                     
Public Bank                                3.0       
                                                     
Kasikornbank                               2.9       
                                                     
Total                                      42.2      
                                                     
Geographical breakdown                      %        
                                                     
India                                      18.6      
                                                     
Singapore                                  14.8      
                                                     
Taiwan                                     13.8      
                                                     
South Korea                                12.6      
                                                     
Philippines                                9.9       
                                                     
Hong Kong                                  9.0       
                                                     
Liquidity                                  7.3       
                                                     
Malaysia                                   5.8       
                                                     
Thailand                                   5.4       
                                                     
China                                      1.8       
                                                     
Indonesia                                  0.5       
                                                     
Sri Lanka                                  0.2       
                                                     
Bangladesh                                 0.2       
                                                     
Japan                                      0.1       
                                                     
Total                                     100.0      
                                                     
Actual Gearing                             0.0       

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

                                    - ENDS-                                    

19 February 2013

Frostrow Capital LLP

Secretary