Holding in Company

Pacific Horizon Investment Tst PLC
17 October 2001


                     Pacific Horizon Investment Trust PLC

                           Susbtantial Shareholding


Pacific Horizon Investment Trust PLC has today been advised by Legal & General
Investment Management, that they no longer hold a notifiable interest in
the Company.


                                                         Baillie Gifford & Co.
                                                           Company Secretaries
                                                               16 October 2001