Director/PDMR Shareholding

Pacific Horizon Investment Tst PLC
07 May 2008

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons





All relevant boxes should be completed in block capital letters.


1.  Name of the issuer                                2.

    PACIFIC HORIZON INVESTMENT TRUST PLC                  THE NOTIFICATION RELATES TO A TRANSACTION
                                                          NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R

3.  Name of person discharging managerial             4.  State whether notification relates to a person
    responsibilities/director                             connected with a person discharging managerial
                                                          responsibilities/director named in 3 and identify
                                                          the connected person

    D C P MCDOUGALL OBE                                  FIONA MCDOUGALL, DAUGHTER OF DIRECTOR NAMED IN 3.


5.  Indicate whether the notification is in respect   6.  Description of shares (including class),
    of a holding of the person referred to in 3 or 4      debentures or derivatives or financial
    above or in respect of a nonbeneficial                instruments relating to shares
    interest 1

    IN RESPECT OF PERSONS REFERED TO IN 3 AND 4           ORDINARY 10P SHARES
    ABOVE.


7.  Name of registered shareholders(s) and, if more   8.  State the nature of the transaction
    than one, the number of shares held by each of
    them


    NOT NOTIFIED                                          PURCHASE


9.  Number of shares, debentures or financial         10. Percentage of issued class acquired (treasury
    instruments relating to shares acquired               shares of that class should not be taken into
                                                          account when calculating percentage)

    15,000 SHARES                                         0.02%


11. Number of shares, debentures or financial         12. Percentage of issued class disposed (treasury
    instruments relating to shares disposed               shares of that class should not be taken into
                                                          account when calculating percentage)

     N/A                                                  N/A


13. Price per share or value of transaction           14. Date and place of transaction

    167.00P                                               7 MAY 2008

                                                          LONDON STOCK EXCHANGE

15. Total holding following notification and total    16. Date issuer informed of transaction
    percentage holding following notification (any
    treasury shares should not be taken into account
    when calculating percentage)

    808,853 ORDINARY SHARES (1.03%)                       7 MAY 2008





If a person discharging managerial responsibilities has been granted options by
the issuer

complete the following boxes


17. Date of grant                                     18. Period during which or date on which exercisable



19. Total amount paid (if any) for grant of the       20. Description of shares or debentures involved
    option                                                (class and number)



21. Exercise price (if fixed at time of grant) or     22. Total number of shares or debentures over which
    indication that price is to be fixed at the time      options held following notification
    of exercise




23. Any additional information                        24. Name of contact and telephone number for queries

                                                          EMMA GREIG, BAILLIE GIFFORD & CO, 0131 275 3198



Name of authorised official of issuer responsible for making notification

Date of notification _______Baillie Gifford & Co_________________



Notes:    This form is intended for use by an issuer to make a RIS notification
required by DR 3.3.


(1)   An issuer making a notification in respect of a transaction relating to the shares or
      debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)   An issuer making a notification in respect of a derivative relating the shares of the issuer
      should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)   An issuer making a notification in respect of options granted to a director/person discharging
      managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)   An issuer making a notification in respect of a financial instrument relating to the shares of
      the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23
      and 24.




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