Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 30 June 2018

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

Pacific Assets Trust plc as at 30 June 2018

Top Ten Equity Holdings		%
Vitasoy International Holdings		6.9
Tech Mahindra		5.9
Marico		3.2
Unicharm		3.0
Housing Development Finance Corp.		2.7
Kotak Mahindra Bank		2.7
Chroma Ate		2.7
Manila Water		2.6
Mahindra & Mahindra		2.6
Standard Foods		2.6
Total		34.9
Geographical breakdown		%
India		33.8
Taiwan		13.1
Hong Kong		6.9
Philippines		6.8
Indonesia		5.5
Japan		5.2
Bangladesh		4.5
Malaysia		3.4
Thailand		3.0
Others		6.2
Cash		11.6
Total		100.0

- ENDS-

26 July 2018

Frostrow Capital LLP

Secretary