AGM Statement

Witan Pacific Investment Trust PLC
21 June 2005


WITAN PACIFIC INVESTMENT TRUST PLC (the 'Company')

Annual General Meeting

At today's Annual General Meeting, the Chairman introduced the two new
investment managers to the shareholders, namely, Aberdeen Asset Managers Limited 
and Nomura Asset Management U.K. Limited. It was reported that each of the
investment managers is entitled to a base management fee, calculated according 
to the value of the assets under their management, and a performance fee. The 
performance fee is calculated according to investment performance over a three 
year rolling period and is subject to a cap. Each management agreement can be 
terminated at one month's notice. The base management fees range from 0.2% to 
0.25% per annum and the performance fees range from 10% to 15% per annum of the
relevant outperformance.

The Company confirms that at today's Annual General Meeting all resolutions
set out in the Notice of the Meeting were duly passed.

Copies of all resolutions passed as Special Business at the Meeting will be
submitted to the UK Listing Authority ('UKLA') shortly and will be available
for inspection at the UKLA's Document Viewing Facility, which is situated at:


Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Tel: [phone]

21 JUNE 2005



                      This information is provided by RNS
            The company news service from the London Stock Exchange