Allotment of Shares

Lowland Investment Co PLC
22 February 2005

HENDERSON GLOBAL INVESTORS



LOWLAND INVESTMENT COMPANY PLC



22 FEBRUARY 2005


                         LOWLAND INVESTMENT COMPANY PLC





The Company announces the allotment of 115,000 Ordinary Shares of 25p each fully
paid under its block listing facility.  The issued share capital is now
21,325,205.



These shares were issued for cash on 22 February 2005 at a price of 740.0p per
share.  The net asset value per Ordinary Share at the close of business on 21
February 2005 was 711.1p.



                                    - ENDS -





For further information please contact:



James Henderson

Portfolio Manager

Lowland Investment Company PLC

Telephone: [phone]



James de Sauzmarez

Head of Investment Trusts

Henderson Global Investors

Telephone: [phone]






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