Pacific Horizon Investment Trust PLC (PHI)

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 a further 147,000 ordinary shares of 10p each, on 29 October 2021 in order to meet ongoing market demand.  These shares were issued for cash at a price of 900.00p 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 90,324,961 and the total number of voting rights in the Company is 90,324,961

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

29 October 2021

Legal Entity Identifier: VLGEI9B8R0REWKB0LN95

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