Issue of Equity

Foreign & Col. Pacific Inv Tst PLC
1 December 2000




FOREIGN & COLONIAL PACIFIC INVESTMENT TRUST PLC

Foreign & Colonial Pacific Investment Trust PLC today issued 3,327 ordinary
shares following the conversion of JPY 1,000,000 bonds on 3rd November 2000.

Following this issue, the total number of ordinary shares in issue stands at
219,919,247.