Holding(s) in Company

Pacific Horizon Investment Tst PLC
12 February 2003

We have been informed that today A&OT Investments Limited has bought 1,330,062
ordinary 10p shares of Pacific Horizon Investment Trust PLC.

A&OT Investments Limited now holds 12,241,743 shares in Pacific Horizon
Investment Trust PLC, which represents 16.00% of the issued share capital of
76,487,002 shares.

                                                           Baillie Gifford & Co.
                                                                     Secretaries
                                                                12 February 2003


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