Total Voting Rights

Pacific Assets Trust plc

3 September 2012

Pacific Assets Trust plc

Voting Rights and Capital

In accordance with the Financial Services Authority's Disclosure and
Transparency Rules, Pacific Assets Trust plc announces the following:

As at 31 August 2012, Pacific Assets Trust plc's capital consists of ordinary
shares of 12.5p with each ordinary share holding one voting right. The total
number of ordinary shares in issue is 116,848,386. The Company has no ordinary
shares in Treasury.

Therefore, the total number of voting rights in Pacific Assets Trust plc is
116,848,386.

The above figure (116,848,386) may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in Pacific Assets Trust plc, or a change to their
interest in Pacific Assets Trust plc, under the Financial Services Authority's
Disclosure and Transparency Rules.

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Frostrow Capital LLP

Company Secretary

Tel: [phone]