The Board of Pacific Assets Trust plc announced the appointment of Nandita Sahgal as an independent Non-executive Director of the Company, with effect from 1 January 2024. Ms Sahgal is the Senior Independent Director and Chair of the Audit Committee at the UK India Business Council and a Non-executive Director at Murray Income Trust Plc. Previously, she was a Managing Director, Infrastructure Asset Management at ThomasLloyd Group Ltd. Ms Sahgal has over 25 years' emerging markets experience working in asset management, equity capital markets and M&A at ThomasLloyd Group, Insinger de Beaufort and Seymour Pierce.

Prior to joining ThomasLloyd, Nandita was Chief Executive Officer at IL&FS Global Financial Services (UK) Ltd., the UK subsidiary of the investment banking arm of IL&FS. She holds a Bachelors in Economics and Business from The University of Edinburgh, is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and a Member of the Chartered Institute for Securities and Investment. Ms Sahgal has also been appointed to the Company's Audit Committee, Engagement and Remuneration Committee, and Nominations Committee with effect from 1 January 2024.

She will offer herself for election by the Company's shareholders at the next Annual General Meeting to be held in July 2024.