Holding(s) in Company

Pacific Horizon Investment Tst PLC
1 July 2002


We have today been informed that A&OT Investments Limited has transferred
532,012 Pacific Horizon Investment Trust PLC warrants on 28 June 2002 to
Willards Investments Limited.

A&OT Investments Limited now holds 2,182,336 warrants in Pacific Horizon
Investment Trust PLC, which represents 13.84% of the 15,763,976 warrants in
issue.

Willards Investments Limited now holds 532,012 warrants in Pacific Horizon
Investment Trust PLC, which represents 3.37% of the 15,763,976 warrant in issue.



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