For filings with the FCA include the annex

For filings with issuer exclude the annex


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi


1. Identity of the issuer or the underlying issuer of existing shares    Pacific Assets
to which voting rights are attached:ii                                     Trust plc


2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                          Yes

An acquisition or disposal of qualifying financial instruments which may result      No
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to            No
qualifying financial instruments

An event changing the breakdown of voting rights                                     No

Other (please specify):                                                              No


3. Full name of person(s) subject to the notification             Investec Wealth &
obligation:iii                                                    Investment Limited

4. Full name of shareholder(s)  (if different from 3.):iv                N/A

5. Date of the transaction and date on which the threshold is        2 March 2015
crossed or reached: v

6. Date on which issuer notified:                                    3 March 2015

7. Threshold(s) that is/are crossed or reached: vi, vii             From 3% to 4%



8. Notified details:
A: Voting rights attached to shares viii, ix

Class/type of       Situation previous              Resulting situation after
shares               to the triggering                   the triggering
                        transaction                        transaction

if possible using               Number                   Number            % of voting
the ISIN CODE        Number       of     Number            of               rights x
                       of       Voting     of            voting
                     Shares     Rights   shares          rights

                                         Direct Direct xi  Indirect xii  Direct Indirect
     Ordinary
                   4,666,923  4,666,923                      4,684,423           4.01%
GB000667438


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial  Expiration       Exercise/           Number of voting    % of voting
    instrument     date xiii  Conversion Period xiv    rights that may be      rights
                                                        acquired if the
                                                         instrument is
                                                     exercised/ converted.




C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial  Exercise Expiration    Exercise/    Number of voting    % of voting
    instrument      price    date xvii   Conversion   rights instrument  rights xix, xx
                                        period xviii      refers to
                                                                         Nominal  Delta




Total (A+B+C)

        Number of voting rights                 Percentage of voting rights

              4,684,423                                   4.01%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

Client holdings registered in the name of Nominee companies 100% owned by
Investec  Wealth & Investment Limited




Proxy Voting:

10. Name of the proxy holder:                                                       n/a

11. Number of voting rights proxy holder will cease to hold:                        n/a

12. Date on which proxy holder will cease to hold voting rights:                    n/a



13. Additional information:        Voting rights based on 116,848,386 shares in issue

                                              Phil Beardwell Chartered FCSI
14. Contact name:
                                                Senior Compliance Manager

15. Contact telephone number:                         020 7597 1356