Holding(s) in Company

Pacific Horizon Investment Tst PLC
03 March 2003

                      Pacific Horizon Investment Trust PLC

                        Disclosure of Interest in Shares



Pacific Horizon Investment Trust PLC has today been advised that following a
sale of 250,000 ordinary 10p shares, BAE Systems Pension Plan Trustees Limited
now holds 3,300,000 ordinary shares in the Company, which equates to 4.31% of
the issued share capital.



                                                           Baillie Gifford & Co.

                                                          Managers & Secretaries

                                                                   03 March 2003


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