Holding(s) in Company

Pacific Horizon Investment Tst PLC
01 September 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 1,330,062 ordinary 10p shares, Willards Investments Ltd now holds
1,330,000 ordinary shares in the Company, which equates to 1.74% of the issued
share capital.


                                                           Baillie Gifford & Co.

                                                          Managers & Secretaries

                                                                1 September 2003


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