Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 31 May 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 May 2018

Top Ten Equity Holdings		%
Vitasoy International Holdings		7.6
Tech Mahindra		6.4
Marico		3.1
Unicharm		3.1
Mahindra & Mahindra		2.7
Manila Water		2.7
Kotak Mahindra Bank		2.7
Housing Development Finance Corp.		2.6
Standard Foods		2.6
Chroma Ate		2.5
Total		36.0
Geographical breakdown		%
India		33.4
Taiwan		13.3
Hong Kong		7.6
Philippines		7.1
Indonesia		5.8
Japan		5.2
Bangladesh		4.5
Malaysia		3.5
Thailand		3.2
Others		6.4
Cash		10.0
Total		100.0

- ENDS-

26 June 2018

Frostrow Capital LLP

Secretary