Holding(s) in Company

Pacific Horizon Investment Tst PLC
26 June 2003

                      Pacific Horizon Investment Trust PLC

                        Disclosure of Interest in Shares



Pacific Horizon Investment Trust PLC has today been advised that AXA Investment
Managers now holds 3,756,304 ordinary 10p shares in the Company, which equates
to 4.91% of the issued share capital of 76,487,002.



                                                           Baillie Gifford & Co.

                                                          Managers & Secretaries

                                                                    26 June 2003


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