Holding(s) in Company

Pacific Horizon Investment Tst PLC
1 July 2002

We have today been informed that A&OT Investments Limited has transferred
2,660,062 Pacific Horizon Investment Trust PLC ordinary 10p shares on 28 June
2002 to Willards Investments Limited.

A&OT Investments Limited now holds 10,911,681 shares in Pacific Horizon
Investment Trust PLC, which represents 14.27% of the issued share capital of
76,441,864 shares.

Willards Investments Limited now holds 2,660,062 shares in Pacific Horizon
Investment Trust PLC, which represents 3.48% of the issued share capital of
76,441,864 shares.







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