PAC Pacific Assets Trust Plc

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 9 March 2020 was 256.50p (ex income) 260.12p (cum income).

For and on behalf of the Board
Frostrow Capital LLP
Secretary

10 March 2020