Purchase of Own Securities

Pacific Horizon Investment Tst PLC
24 September 2001

                     Pacific Horizon Investment Trust PLC

                          Purchase of Own Securities

On 24 September 2001, the Company purchased for cancellation 100,000 ordinary
shares at a price of 28.75p, bringing the total number of shares bought back
to 350,000.

There remain 78,491,864 ordinary shares in issue.



                                                         Baillie Gifford & Co.

                                                           Company Secretaries