Blocklisting Interim Review

Lowland Investment Co PLC
01 August 2005

                                   SCHEDULE 5

                        BLOCKLISTING SIX MONTHLY RETURN



To:          Listing Applications

UK Listing Authority

Financial Services Authority

25, The North Colonnade

Canary Wharf

London, E14 5HS





               Please ensure the entries on this return are typed



1. Name of company


LOWLAND INVESTMENT COMPANY PLC



2. Name of scheme


HENDERSON INVESTMENT TRUST SHARE PLAN



3. Period of return:


From      1 FEBRUARY 2005                            To     31 JULY 2005



4. Number and class of shares(s) (amount of stock / debt security) not issued
under scheme


426,621



5. Number of shares issued / allotted under scheme during period:


NIL



6. Balance under scheme not yet issued / allotted at end of period


426,621



7. Number and class of share(s) (amount of stock / debt securities) originally
listed and the date of admission;


31,847 ORDINARY SHARES AS AT 5 MAY 1995

199,402 ORDINARY SHARES AS AT 29 AUGUST 2002

199,401 ORDINARY SHARES AS AT 30 AUGUST 2002



Please confirm total number of shares in issue at the end of the period in order
for us to update our records


24,267,954



Contact for queries


Name             KRISTA BURWOOD


Address          FOR AND ON HENDERSON GLOBAL INVESTORS

                 4 BROADGATE, LONDON EC2M 2DA


Telephone        [phone]



Person making the return


Name             KRISTA BURWOOD


Position         COMPANY SECRETARY


Signature



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