Portfolio Update

PACIFIC ASSETS TRUST plc (the “Company”)

All data as at 31 January 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 January 2018

Top Ten Equity Holdings		%
Vitasoy International Holdings		6.1
Tech Mahindra		5.9
Standard Foods		3.7
Marico		3.4
Chroma ATE		3.4
Taiwan Semiconductor Manufacturing		2.8
E.SUN Financial Holding Co		2.7
Manila Water		2.7
Unicharm		2.6
Kotak Mahindra Bank		2.5
Total		35.8
Geographical breakdown		%
India		35.3
Taiwan		18.8
Philippines		7.5
Hong Kong		6.1
Indonesia		4.7
Bangladesh		4.5
Japan		3.6
Malaysia		3.2
Thailand		2.9
Others		7.0
Cash		6.4
Total		100.0

- ENDS-

27 February 2018

Frostrow Capital LLP

Secretary