Portfolio Update

PACIFIC ASSETS TRUST plc (the "Company")                    

All data as at 30 September 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 September 2014

Top Ten Equity Holdings                     %        
                                                     
Tech Mahindra                              6.4       
                                                     
Marico                                     5.0       
                                                     
Taiwan Semiconductor Manufacturing         3.7       
                                                     
Idea Cellular                              3.4       
                                                     
Delta Electronics (Thailand)               3.3       
                                                     
Standard Foods                             3.2       
                                                     
E.Sun Financial Holdings                   3.1       
                                                     
SembCorp Industries                        3.1       
                                                     
Dr. Reddy's Laboratories                   2.8       
                                                     
Towngas China                              2.8       
                                                     
Total                                      36.8      
                                 
                    
Geographical breakdown                      %        
                                                     
India                                      29.6      
                                                     
Taiwan                                     16.4      
                                                     
Singapore                                  7.2       
                                                     
Philippines                                7.0       
                                                     
China                                      6.1       
                                                     
Thailand                                   4.8       
                                                     
South Korea                                4.7       
                                                     
Hong Kong                                  3.7       
                                                     
Malaysia                                   3.6       
                                                     
Indonesia                                  2.4       
                                                     
Bangladesh                                 0.9       
                                                     
Sri Lanka                                  0.4       
                                                     
Liquidity                                  13.2      
                                                     
Total                                     100.0      
                                                     
Actual Gearing                             0.0       

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

                                    - ENDS-                                    

24 October 2014
Frostrow Capital LLP
Secretary