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 GLOBAL INVESTORS MANAGED PEPS



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


766,820



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


NIL



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


766,820



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


31,249 ORDINARY SHARES AS AT 28 APRIL 1995

289,855 ORDINARY SHARES AS AT 25 AUGUST 1995

284,090 ORDINARY SHARES AS AT 13 MARCH 1996

199,401 ORDINARY SHARES AS AT 29 AUGUST 2002

199,402 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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