Portfolio Update

Lowland Investment Co PLC
04 April 2006

LOWLAND INVESTMENT COMPANY PLC

HENDERSON GLOBAL INVESTORS

4 APRIL 2006



                         LOWLAND INVESTMENT COMPANY PLC

                            Listing Rule 15.4.11 (2)



In accordance with paragraph 15.4.11 (2) of the Listing Rules, Lowland
Investment Company plc announces its ten largest investments as at 31 March
2006. Holdings with a value greater than 5% of gross assets are marked *.




Company
BP *
Royal Dutch Shell
Vodafone
McAlpine
Glaxosmithkline
Senior
Lloyds TSB
Royal Bank of Scotland
HBOS
Diageo





                                    - ENDS -





For further information, please call:



James Henderson

Fund Manager

Lowland Investment Company plc

Telephone: [phone]



James de Sausmarez

Head of Investment Trusts

Henderson Global Investors

Telephone: [phone]






                      This information is provided by RNS
            The company news service from the London Stock Exchange