Circular re General Meeting 24 July 2020

Pacific Horizon Investment Trust PLC

Legal Entity Identifier: VLGEI9B8R0REWKB0LN95

24 July 2020

Publication of a circular

In order to meet the continuing demand for shares in Pacific Horizon Investment Trust PLC (the "Company"), the Board of Directors of the Company (the "Board") is seeking shareholder approval to renew the authorities to allot shares in the capital of the Company and to disapply the statutory pre-emption rights on the issue of those shares.

Accordingly, the Company has today published a circular convening a general meeting (the "General Meeting") at which an ordinary resolution and a special resolution will be put to shareholders to seek the authorities to allot shares and disapply statutory pre-emption rights in relation to such allotments up to an aggregate nominal value of £629,902.80  (amounting to up to 6,299,028 shares) representing approximately 10 per cent. of the Company's issued share capital as at 22 July 2020 (the "Resolutions"). The authorities conferred by these Resolutions will lapse on 24 November 2021.

The Board believes that the authorities sought at the General Meeting will allow it to satisfy the expected demand for shares in the period from the General Meeting to the Company's next annual general meeting.

A copy of the circular is available for inspection on the Company's website at www.pacifichorizon.co.uk.   A copy of the circular will also be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The General Meeting is to be held at 11 a.m. on 24 August 2020 at the offices of Baillie Gifford & Co, Calton Square, 1 Greenside Row, Edinburgh EH1 3AN.  Given the current risks posed by the spread of COVID-19 and in accordance with the provisions of the Company's articles of association and current Government guidance, the Directors may impose entry restrictions on attendance at the General Meeting in order to ensure the health, wellbeing and safety of the Company's shareholders and officers as well as compliance with the venue's security requirements.

Shareholders may and are strongly encouraged to participate in the business of the General Meeting by exercising their votes in advance of the General Meeting and may submit any questions by email to [email protected] or by calling 0800 917 2112.  Please note that Baillie Gifford may record your call.

Baillie Gifford & Co Limited

Company Secretaries

24 July 2020

For further information please contact:

Seonaid Cook

Baillie Gifford & Co

Tel: 0131 275 3813

Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.