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


GENERAL PURPOSE



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


552,640



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


115,000



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


697,640



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


453,514 ORDINARY SHARES - 17 JANUARY 2003

496,277 ORDINARY SHARES - 7 FEBRUARY 2003

492,610 ORDINARY SHARES - 18 FEBRUARY 2003

355,239 ORDINARY SHARES - 5 NOVEMBER 2003

270,000 ORDINARY SHARES - 5 JANUARY 2005

260,000 ORDINARY SHARES - 10 MARCH 2005









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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