Pacific Horizon Investment : Tst PLC - AGM Statement

PACIFIC HORIZON INVESTMENT TRUST PLC

Annual General Meeting

 30 October 2014

At the Annual General Meeting held on 30 October 2014 all resolutions were passed, including those detailed below:

·    Shareholders approved an ordinary resolution renewing the Directors' general authority to issue shares up to an aggregate nominal value of £701,261 (being approximately 10% of the issued share capital of the Company as at 12 September 2014) and a special resolution to renew the Directors' authority to allot a limited number of shares for cash on a non-pre-emptive basis again up to an aggregate nominal value of £701,261. Both authorities will expire at the conclusion of the next Annual General Meeting of the Company or on 30 January 2016 whichever is the earlier, unless previously varied, revoked or renewed.

·    Shareholders approved a special resolution renewing the Company's authority to make market purchases of up to 14.99% of the Company's issued share capital, being 9,986,314 ordinary shares of 10p. The authority will expire at the conclusion of the Annual General Meeting of the Company to be held in respect of the financial year ending 31 July 2015, unless previously varied, revoked or renewed.

·    Shareholders approved a special resolution that the Directors be authorised to make market purchases of its ordinary shares pursuant to two conditional Tender Offers. The authority will expire at the conclusion of the Annual General Meeting of the Company to be held in 2015, unless previously renewed.

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Financial Statements which is available for viewing at the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM.

Baillie Gifford & Co Limited

Company Secretaries

31 October 2014