Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 31 December 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 December 2018

Top Ten Equity Holdings		%
Vitasoy International Holdings		7.3
Tech Mahindra		6.0
Marico		3.6
Unicharm		3.3
Housing Development Finance Corp.		2.8
Manila Water		2.7
Delta Electronics		2.5
Kotak Mahindra Bank		2.5
Mahindra & Mahindra		2.3
PT Kalbe Farma		2.1
Total		35.1
Geographical breakdown		%
India		33.9
Taiwan		11.2
Philippines		8.2
Hong Kong		7.3
Indonesia		6.0
Japan		5.8
Bangladesh		4.9
Thailand		3.3
Malaysia		2.5
Others		5.5
Cash		11.4
Total		100.0

- ENDS-

24 January 2019

Frostrow Capital LLP

Secretary