Holding(s) in Company

Pacific Horizon Investment Tst PLC
28 February 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 3,550,000 ordinary shares in the Company, which equates to 4.64% of
the issued share capital.


                                                           Baillie Gifford & Co.

                                                          Managers & Secretaries

                                                                28 February 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange