Compliance with Model Code

Pacific Assets Trust PLC
01 February 2008


To:                RNS

From:              Pacific Assets Trust plc

Date:              1 February 2008



Compliance with Model Code



In accordance with Listing Rule 15.5.1 (4), Pacific Assets Trust plc (the '
Company') announces that it is satisfied that all inside information which the
Directors and the Company may have to 1 February 2008 has previously been
notified and, therefore, the dealings referred to in LR 15.5.1 (3) are
permitted.





Name of contact and telephone number for enquiries:





Gordon Hay Smith

Company Secretary

0131 718 1018




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