Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")                    

All data as at 30 June 2014

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

Pacific Assets Trust plc as at 30 June 2014

Top Ten Equity Holdings                     %        
                                                     
Tech Mahindra                              6.0       
                                                     
Marico                                     5.7       
                                                     
Taiwan Semiconductor Manufacturing         4.2       
                                                     
Dabur India                                3.6       
                                                     
Delta Electronics (Thailand)               3.5       
                                                     
Standard Foods                             3.3       
                                                     
AmorePacific                               3.3       
                                                     
Public Bank                                3.3       
                                                     
Kasikornbank                               3.3       
                                                     
Samsung Fire & Marine Insurance            3.2       
                                                     
Total                                     39.4      
                                  
                   
Geographical breakdown                      %        
                                                     
India                                     29.5      
                                                     
Taiwan                                    17.3      
                                                     
South Korea                                9.7       
                                                     
Philippines                                7.0       
                                                     
Singapore                                  6.8       
                                                     
Thailand                                   6.7       
                                                     
Malaysia                                   5.1       
                                                     
Hong Kong                                  4.9       
                                                     
China                                      3.6       
                                                     
Indonesia                                  2.1       
                                                     
Bangladesh                                 0.7       
                                                     
Sri Lanka                                  0.3       
                                                     
Liquidity                                  6.3       
                                                     
Total                                    100.0      
                                                     
Actual Gearing                             0.0       

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


                                    - ENDS-                                    

22 July 2014
Frostrow Capital LLP
Secretary