Interim Management Statement

Pacific Horizon Investment Tst PLC
07 May 2008


                      PACIFIC HORIZON INVESTMENT TRUST PLC

            Interim Management Statement - 3 months to 30 April 2008


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.  The Company is prepared to move freely between
the markets of the region as opportunities for growth vary.  The portfolio will
normally consist entirely of quoted securities.

                                              Review of the Period


•    Over the period, the Company's net asset value rose by 1.5% compared to a rise in the comparative index of
     9.1% while the share price rose by 13.9%.

•    On 29 April 2008 the Company issued 350,000 Ordinary Shares. These were issued at a premium to NAV and at a
     price of 167.5p per share.

•    Top 10 Equity Holdings: reductions were made to Samsung Corporation and CNPC Hong Kong; the holding in
     Parkson Holdings was increased; other changes were due to market movements.

•    The Hang Seng China Enterprises Index Put Options expiring March 2008 were exercised at a profit.

•    The Company has bought at the money Hang Seng China Enterprises Index Put Options expiring September 2008 for
     a total consideration of £2.9m.



       Geographical Analysis of Total Assets                            Top Ten Equity Holdings


Region                           % of    % of total      Name                            % of      % of total
                                total     assets at                                     total      assets at
                              assets at   31/01/08                                    assets at     31/01/08

                               30/04/08                                                30/04/08

Hong Kong and China                 32.8        35.4     Pacific Basin Shipping          4.3          3.3
Korea                               16.2        15.2     Taiwan Semiconductor            2.8          2.4
Singapore                           11.5        11.0     Bakrie and Brothers             2.8          3.4
Taiwan                              12.6        11.2     Li & Fung                       2.6          2.4
Malaysia                             8.5         5.7     SFA Engineering                 2.6          2.4
Indonesia                            5.5         6.1     China Infrastructure            2.5          3.2
Thailand                             4.6         3.1     Machinery Holdings
India                                4.0         5.5     Singapore Exchange              2.2          2.4
Philippines                          1.5         2.1     CNPC Hong Kong                  2.2          2.8
Vietnam                              1.7         1.9     Parkson Holdings                2.2          1.4
Net Liquid assets                    1.1         2.8     Thoresen Thai Agencies          2.1          1.8

Total                              100.0       100.0     Total                           26.3         25.5


                                        Capital Growth Performance

                                                                  %
                               3 Months            1 Year              3 Years              5 Years

Share Price                      13.9               17.7                137.1                315.0
NAV                               1.5               14.6                113.1                258.2
Comparative Index                 9.1               20.7                 82.6                159.3

Source: Fundamental Data Ltd.;  Comparative Index is MSCI All Country Far East
ex Japan Index (in sterling terms).



Past performance is not a guide to future performance

                                                                  General Information

                                                             30/04/08                  31/01/08

Equity shareholders' funds                                   £123.0m                   £120.6m

Net asset value per share                                    157.14p                   154.77p

Share Price                                                  166.00p                   145.75p

Premium/(Discount)                                             5.6%                     (5.8%)



This interim management statement and up to date NAV and share price information
is available on the Managers' website www.pacifichorizon.co.uk


For further information contact:-  Anzelm Cydzik on 0131 275 3276


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