Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 31 August 2016

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

Pacific Assets Trust plc as at 31 August 2016

Top Ten Equity Holdings	%
Vitasoy International Holdings	6.1
Marico	5.8
Tech Mahindra	5.0
Standard Foods	4.2
Taiwan Semiconductor Manufacturing	3.8
Chroma Ate	3.2
Kotak Mahindra Bank	3.1
Dr. Reddy’s Laboratories	3.1
Ayala	3.0
Manila Water	3.0
Total	40.3
Geographical breakdown	%
India	35.6
Taiwan	18.3
Philippines	8.2
Hong Kong	6.5
Bangladesh	4.3
Indonesia	4.0
Thailand	3.5
Sri Lanka	2.9
China	2.8
Singapore	2.5
South Korea	2.4
Japan+	2.3
Malaysia	1.5
United States*	1.0
Net Current Assets	4.2
Total	100.0
Actual Gearing	0.0

+Represented by a company listed in Japan but whose economic activities are predominantly within the Asia Pacific region.

*Represented by a company listed in the United States but whose economic activities are predominantly within the Asia Pacific region.

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

- ENDS-

19 September 2016

Frostrow Capital LLP

Secretary