Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 31 August 2015

This data will be available on the Company’s website, http://www.pacific-assets.co.uk shortly.

Pacific Assets Trust plc as at 31 August 2015

Top Ten Equity Holdings	%
Vitasoy International Holdings	6.0
Tech Mahindra	5.5
Marico	5.2
Delta Electronics (Thailand)	3.9
Standard Foods	3.8
Dr. Reddy’s Laboratories	3.7
E.Sun Financial Holding	3.6
Manila Water	3.4
Idea Cellular	3.1
Taiwan Semiconductor Manufacturing	3.0
Total	41.2
Geographical breakdown	%
India	33.1
Taiwan	16.7
Philippines	9.4
Hong Kong	7.6
Thailand	5.0
China	4.0
Indonesia	3.2
Singapore	2.8
Sri Lanka	2.4
Malaysia	2.3
Bangladesh	1.9
South Korea	1.2
United States*	0.6
Net Current Assets	9.8
Total	100.0
Actual Gearing	0.0

*Represented by a company listed in the United States but whose economic activities are predominantly within the Asia Pacific region.

Note: All percentages are based on total assets less current liabilities

- ENDS-

25 September 2015

Frostrow Capital LLP

Secretary