AGM Statement

Pacific Horizon Investment Tst PLC
13 October 2005


                      PACIFIC HORIZON INVESTMENT TRUST PLC

                    Annual General Meeting, 12 October 2005


At the AGM held on 12 October 2005 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.

Such authority will expire at the conclusion of the AGM to be held in respect of
the year ending 31 July 2006 or 11 April 2007, whichever is earlier, unless
previously varied, revoked or renewed.

•  Amendments to the Company's Articles of Association relating to increasing 
   the ceiling on the Chairman's and the Directors' fees were approved.


The limit on the maximum aggregate amount of fees (including benefits in kind)
payable to the Directors for their services in the office of director were
increased from £60,000 per annum to £100,000 per annum.

                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                 12 October 2005


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