Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 31 December 2017

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

Pacific Assets Trust plc as at 31 December 2017

Top Ten Equity Holdings		%
Vitasoy International Holdings		6.5
Tech Mahindra		5.0
Standard Foods		3.7
Marico		3.7
Chroma ATE		3.3
E.SUN Financial Holding Co		2.7
Unicharm		2.6
Taiwan Semiconductor Manufacturing		2.6
Kotak Mahindra Bank		2.4
Manila Water		2.3
Total		34.8
Geographical breakdown		%
India		33.7
Taiwan		17.9
Philippines		7.4
Hong Kong		6.5
Indonesia		4.8
Bangladesh		4.8
Sri Lanka		2.9
Malaysia		2.8
Japan		2.6
Others		6.5
Cash		10.1
Total		100.0

- ENDS-

29 January 2018

Frostrow Capital LLP

Secretary