PACIFIC ASSETS TRUST PLC                                                                

NET ASSET VALUE

The estimated un-audited net asset value per share, calculated in accordance with the guidelines of the Association of Investment Companies, for Pacific Assets Trust plc at the close of business on 8 August 2022 was 378.33p (ex income) 380.10p (cum income).

For and on behalf of the Board

Frostrow Capital LLP

Secretary

09 August 2022