Director/PDMR Shareholding

Pacific Assets Trust PLC
04 April 2008

To:       RNS
From:     Pacific Assets Trust plc
Date:     4 April 2008



Director/PDMR Shareholding

Pacific Assets Trust plc (the 'Company') has been advised by the Chairman of the
Board, David Nichol, that, on 4 April 2008, he and his wife sold a total of
200,000 ordinary shares at a price of 119.0 pence per share.

Following this disposal Mr Nichol no longer has a beneficial interest in the
ordinary shares of the Company although he retains a non beneficial holding as a
trustee of 100,000 ordinary shares.

The Company has been advised by Mr Nichol that this transaction was prompted by
the change to the rate of Capital Gains Tax which comes into effect on 6 April
2008.



Name of contact and telephone number for enquiries:

Gordon Hay Smith
Company Secretary
0207 628 8000




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