Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 30 November 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 November 2018

Top Ten Equity Holdings		%
Vitasoy International Holdings		8.4
Tech Mahindra		5.8
Marico		3.4
Unicharm		3.2
Housing Development Finance Corp.		2.8
Manila Water		2.6
Delta Electronics		2.5
Kotak Mahindra Bank		2.5
Mahindra & Mahindra		2.3
Dr Reddy’s Laboratories		2.2
Total		35.7
Geographical breakdown		%
India		33.0
Taiwan		11.3
Hong Kong		9.1
Philippines		8.0
Indonesia		6.0
Japan		5.7
Bangladesh		4.9
Thailand		3.4
Malaysia		2.5
Others		5.1
Cash		11.0
Total		100.0

- ENDS-

24 December 2018

Frostrow Capital LLP

Secretary