Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

Legal Entity Identifier 2138008U8QPGAESFYA48

All data as at 30 April 2017

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

Pacific Assets Trust plc as at 30 April 2017

Top Ten Equity Holdings	%
Vitasoy International Holdings	6.1
Marico	5.2
Tech Mahindra	4.6
Standard Foods	4.0
Taiwan Semiconductor Manufacturing	3.6
Kotak Mahindra Bank	3.4
Manila Water	3.0
Delta Electronics (Thailand) Unicharm E.Sun Financial Holding	2.7 2.7 2.7
Total	38.0
Geographical breakdown	%
India	34.8
Taiwan Philippines	17.0 8.0
Hong Kong	6.1
Indonesia	4.6
Bangladesh	4.2
Thailand Sri Lanka	3.8 3.3
South Korea Others Cash	3.0 9.4 5.8
Total	100.0

- ENDS-

26 May 2017

Frostrow Capital LLP

Secretary