Pacific Horizon Investment Trust PLC

Issue of Equity

The Board of  Pacific Horizon Investment Trust PLC (the "Company") announces that, pursuant to its block listing facility, the Company has issued 100,000 ordinary shares of 10p each (the "New Shares") on 3 July 2020 in order to meet ongoing market demand.  The New Shares, which rank pari passu with the Company's existing shares, were issued for cash at a price of 492.50p per ordinary share and at a premium to the prevailing net asset value.

As a result of this issue, the total number of ordinary shares in issue is 61,055,282 and the total number of voting rights in the Company is 61,055,282.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Baillie Gifford & Co Limited

Company Secretaries

3 July 2020

Legal Entity Identifier: VLGEI9B8R0REWKB0LN95

Regulated Information Classification: Acquisition or disposal of the issuer's own shares