Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 31 October 2018

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

Pacific Assets Trust plc as at 31 October 2018

Top Ten Equity Holdings		%
Vitasoy International Holdings		7.1
Tech Mahindra		6.2
Marico		3.1
Unicharm		2.9
Delta Electronics		2.7
Manila Water		2.6
Housing Development Finance Corp.		2.5
Kotak Mahindra Bank		2.4
Mahindra & Mahindra		2.3
Dr Reddy’s Laboratories		2.1
Total		33.9
Geographical breakdown		%
India		33.0
Taiwan		12.0
Philippines		7.9
Hong Kong		7.7
Indonesia		5.9
Japan		5.4
Bangladesh		5.2
Thailand		3.6
Malaysia		2.7
Others		5.3
Cash		11.3
Total		100.0

- ENDS-

4 December 2018

Frostrow Capital LLP

Secretary