Posting of Circular

Pacific Horizon Investment Tst PLC
8 May 2002




                      PACIFIC HORIZON INVESTMENT TRUST PLC

                      POSTING OF CIRCULAR TO SHAREHOLDERS


Pacific Horizon Investment Trust PLC (the 'Company') announces that it has today
posted a circular to Shareholders notifying them of an Extraordinary General
Meeting of the Company to be held on Monday, 27 May 2002.  The sole item of
business at the meeting is a Resolution to extend the life of the Company for a
period of five years.


                                     -ends-



For further information please contact:



Robert O'Riordan                       Tel:       [phone]
Baillie Gifford & Co.



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