Pacific Assets Announcements

RNS Number : 6303G Pacific Assets Trust PLC 24 October 2008  
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TR-1:   notification of major interests in shares 
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Pacific Assets Trust PLC
2. Reason for the notification   (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights 

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):___________________________________________

3. Full name of person(s) subject to the notification obligation:
SARASIN & PARTNERS LLP
4. Full name of shareholder(s) (if different from 3.):
Bank Sarasin & Co Ltd (Zurich)
Fortis Banque Luxembourg SA (EFA)
RBC Dexia Investor Services Bank S.A (Zurich)
The Bank of New York (Brussels)

5. Date of the transaction (and date on which the threshold is crossed or reached if different):
23 October 2008
6. Date on which issuer notified:
23 October 2008
7. Threshold(s) that is/are crossed or reached:
14%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares 
 if possible using the ISIN CODE
Situation previous to the Triggering transaction 
Resulting situation after the triggering transaction
Number of Shares 
Number of Voting Rights 
Number of shares 
Number of voting rights 
% of voting rights
Direct
Direct 
Indirect 
Direct
Indirect
GB0006674385
16,528,000
16,528,000
16,878,000

16,878,000

14.26%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument 
Expiration date
Exercise/ Conversion Period/ Date
Number of voting rights that may be acquired if the instrument is exercised/ converted. 
% of voting rights
   
   
   
   
   
Total (A+B)
Number of voting rights
% of voting rights
16,878,000
14.26%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :
Lazard Asset Management controls all the voting rights for this issuer

Proxy Voting:
10. Name of the proxy holder:
  N/a
11. Number of voting rights proxy holder will cease to hold:
   
12. Date on which proxy holder will cease to hold voting rights:
   
13. Additional information:
   
14. Contact name:
   Steven Ross
15. Contact telephone number:
   0207 628 8000

This information is provided by RNSThe company news service from the London Stock Exchange  END  HOLEAEELADEPFFE