AGM Statement

Pacific Horizon Investment Tst PLC
24 October 2006

                      PACIFIC HORIZON INVESTMENT TRUST PLC

                    Annual General Meeting, 24 October 2006



At the AGM held on 24 October 2006 all resolutions were passed, including those
detailed below:

•         Shareholders authorised the Company to renew its share buy back
authority.

Shareholders approved a special resolution renewing the Company's authority to
make market purchases of up to 14.99 per cent of the Company's issued share
capital, being 11,465,401 ordinary shares of 10p.  The authority will expire at
the conclusion of the annual general meeting of the Company to be held in 2007
or 23 April 2008, whichever is the earlier, unless previously varied, revoked or
renewed.



Special Business

•         Shareholders voted to approve the continuation of the Company and the
change in the investment objective of the Company so as to enable it to invest
in companies within the Indian sub-continent.

The full text of the resolutions is as follows:-

''11. That, the directors having recommended that the obligation imposed on them
by article 160.1 of the articles of association of the Company to convene an
extraordinary general meeting of the Company at which a resolution will be
proposed pursuant to section 84 of the Insolvency Act 1986 to wind up the
Company voluntarily be postponed for a period of five years, such obligation be
postponed until the date of the annual general meeting of the Company to be held
in 2011 or 30 November 2011, whichever is the earlier.

12. That, subject to the passing of the resolution numbered 11 in the notice of
the meeting and with effect from the date of the passing of this resolution
numbered 12 in the notice of the meeting, the investment objective of the
Company be changed to the following:

'Pacific Horizon's objective is to invest in the stockmarkets of the
Asia-Pacific region (excluding Japan) and in the stockmarkets of the Indian
sub-continent in order to achieve capital growth.' ''



Over 99% of the proxy votes cast were in support of the resolutions.





                                                            Baillie Gifford & Co

                                                             Company Secretaries

                                                                 24 October 2006


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