Pacific Assets Trust plc

(the “Company”)

Legal Entity Identifier 2138008U8QPGAESFYA48

Compliance with Market Abuse Regulation

1 September 2017

The Company confirms that:

a)         all inside information which the Directors and Company may have had has been notified to a Regulated Information Service (“RIS”);

b)         the Company’s net asset value per share is calculated and announced through a RIS on a daily basis; and

c)         the Company has no reason to believe that there will be any material difference between the net asset value per share as at close of business on 31 July 2017, which was announced on 1 August 2017, and the financial information to be published in the announcement of its half yearly results for the six months ended 31 July 2017.

The Company is, therefore, not prohibited from dealing in its own securities during the closed period, as defined by the Market Abuse Regulation, which will end on the date of the publication of its half yearly results for the six months ended 31 July 2017, expected to be on or after 5 October 2017.

-ENDS-

For further information please contact:

Mark Pope       

Frostrow Capital LLP    

Company Secretary

0203 008 4913