Holding(s) in Company

Pacific Horizon Investment Tst PLC
20 August 2002


                      Pacific Horizon Investment Trust PLC

                   Notification of Major Interests in Shares


AXA Investment Managers have today informed us that they have an interest in
5,231,499 ordinary 10p shares in the Company, this represents 6.84% of the
issued share capital of  76,487,002.


                                                           Baillie Gifford & Co.

                                                          Managers & Secretaries

                                                                  20 August 2002


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