Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 30 September 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 September 2018

Top Ten Equity Holdings		%
Vitasoy International Holdings		7.1
Tech Mahindra		5.9
Unicharm		3.3
Marico		3.1
Delta Electronics		2.5
Chroma Ate		2.4
Mahindra & Mahindra		2.4
Housing Development Finance Corp.		2.4
Manila Water		2.3
Kotak Mahindra Bank		2.2
Total		33.6
Geographical breakdown		%
India		32.8
Taiwan		13.6
Philippines		7.4
Hong Kong		7.1
Japan		5.9
Indonesia		5.6
Bangladesh		4.9
Thailand		3.6
Malaysia		3.5
Others		6.2
Cash		9.4
Total		100.0

- ENDS-

29 October 2018

Frostrow Capital LLP

Secretary