Company Announcements

PACIFIC HORIZON INVESTMENT TRUST PLC

Legal Entity Identifier: VLGEI9B8R0REWKB0LN95

Annual General Meeting

17 November 2021

 At the Annual General Meeting held on 17 November 2021 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 £884,297.00 (representing approximately 10% of the Company's total issued share capital as at 17 September 2021) and a special resolution to renew the Directors' authority to allot a limited number of shares for cash on a non pre-emptive basis up to an aggregate nominal value of £884,297.00. Both authorities will expire at the conclusion of the Annual General Meeting of the Company to be held in 2022 or on 17 February 2023 whichever is the earlier, unless previously renewed, revoked or varied.

·    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 13,255,612 ordinary shares of 10p. The Company's authority permits it to hold shares bought back 'in treasury'. Such treasury shares may subsequently be either sold for cash or cancelled. The authority will expire at the conclusion of the Annual General Meeting of the Company to be held in 2022, unless previously varied, revoked or renewed.

·    Shareholders approved a special resolution to adopt new Articles of Association.

Special Business

·    Shareholders approved an ordinary resolution to amend the Company's investment policy to stipulate that the maximum amount which may be invested in companies not listed on a public market shall not exceed 15 per cent of the total assets of the Company, measured at the time of initial investment.

·      Shareholders approved by ordinary resolution the continuance of the Company until the Annual General Meeting of the Company to be held in 2026 or 30 November 2026, whichever is the earlier, with 99.92% of those voting supporting the resolution;

The full text of the resolution is as follows:-

'That the obligation imposed on the Directors by Article 177 of the Existing Articles of Association of the Company, to convene a General Meeting of the Company at which a resolution will be proposed pursuant to section 84 of the Insolvency Act 1986 to wind the Company up voluntarily (the 'Wind Up Obligation'), be postponed for a further period of five years, as recommended by the Directors, such that the Wind Up Obligation be postponed until the date of the Annual General Meeting of the Company to be held in 2026 or 30 November 2026, whichever is the earlier.'

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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Baillie Gifford & Co Limited

Company Secretaries

17 November 2021

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