Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")                    

All data as at 30 November 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 November2013

Top Ten Equity Holdings                     %        
                                                     
Tech Mahindra                              5.9       
                                                     
Towngas China                              5.8       
                                                     
Marico                                     4.8       
                                                     
Taiwan Semiconductor Manufacturing         3.8       
                                                     
Samsung Fire & Marine Insurance            3.4       
                                                     
E.Sun Financial Holding                    3.3       
                                                     
Public Bank                                3.3       
                                                     
DBS Group                                  3.0       
                                                     
Kasikornbank                               3.0       
                                                     
Delta Electronics (Thailand)               2.9       
                                                     
Total                                      39.2      
                                                     
Geographical breakdown                      %        
                                                     
India                                      24.0      
                                                     
Taiwan                                     16.5      
                                                     
Singapore                                  10.5      
                                                     
South Korea                                8.4       
                                                     
Hong Kong                                  7.7       
                                                     
Philippines                                7.6       
                                                     
Thailand                                   5.9       
                                                     
Malaysia                                   5.2       
                                                     
China                                      4.4       
                                                     
Indonesia                                  1.2       
                                                     
Sri Lanka                                  0.7       
                                                     
Bangladesh                                 0.4       
                                                     
Liquidity                                  7.5       
                                                     
Total                                     100.0      
                                                     

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

                                    - ENDS-                                    

20 December 2013

Frostrow Capital LLP
Secretary