Holding in Company

Lowland Investment Co PLC
5 March 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company
Lowland Investment Company plc


2) Name of shareholder having a major interest
The Equitable Life Assurance Society


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18
as in 2) above


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
a)     The Equitable Life Assurance Society - held on behalf of Halifax Group
plc      - 644,497

b)     The Equitable Fund of Investment Trusts - 535,000


5) Number of shares/amount of stock acquired
n/a


6) Percentage of issued class
n/a


7) Number of shares/amount of stock disposed
644,497


8) Percentage of issued class
3.27%


9) Class of security
Ordinary 25p shares


10) Date of transaction
1 March 2001


11) Date company informed
5 March 2001


12) Total holding following this notification
a)     644,497     The Equitable Life Assurance Society held on behalf of
Halifax Group plc

b)     535,000     The Equitable Fund of Investment Trusts



13) Total percentage holding of issued class following this notification
a)     3.27%
b)     2.72%

14) Any additional information
The Company received notification that following the sale of certain assets by
The Equitable Life Assurance Society to Halifax Group on 1 March 2001, The
Equitable Life Assurance Society no longer have a notifiable interest in the
Company.

15) Name of contact and telephone number for queries
Krista Burwood     020 7410 2966


16) Name and signature of authorised company official responsible for
making this notification
Krista Burwood, for and on behalf of Henderson Secretarial Services Limited


Date of notification 5 March 2001