Result of EGM

Lowland Investment Co PLC
27 June 2005


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND OR JAPAN.



STOS plc

Result of the Second EGM

The Board of STOS plc (the 'Company'), formerly named Securities Trust of
Scotland plc, announces that at the Second Extraordinary General Meeting of the
Company held today, 27 June 2005, the resolutions before the meeting were
approved by Shareholders. Accordingly, the Company has been placed in members'
voluntary liquidation and Adrian Gerald Paul Howlett and Simon Peter Bower of
RSM Robson Rhodes LLP of 186 City Road, London EC1V 2NU have been appointed
joint liquidators to the Company.

Entitlements under the Scheme

In accordance with the reconstruction proposals for every Share held in the
Company, Shareholders will receive 1 redeemable ordinary share in Securities
Trust of Scotland plc or 0.15057 new ordinary shares in Lowland Investment
Company plc, or 110.2331p cash or such combination for which Shareholders
elected or are deemed to have elected.

The issue price of each redeemable ordinary share in Securities Trust of
Scotland plc issued under the Scheme was 110.5201p.  The issue price represents
a premium of 109.5201p over the nominal value of a redeemable ordinary share of
1p.

The issue price of new ordinary shares in Lowland Investment Company was
734.0074p, being a 1.5% premium to the adjusted net asset value as at close of
business on 24 June 2005, for shares issued under the Scheme.

Dealings in respect of redeemable ordinary shares in Securities Trust of
Scotland plc and new ordinary shares in Lowland Investment Company plc issued
under the Scheme are expected to commence on 28 June 2005 and certificates are
expected to be issued on 4 July 2005 to shareholders holding their New
Securities Trust Shares or Lowland Shares in certificated form.  In respect of
elections for cash, cheques are expected to be despatched on 28 June 2005.

Shareholders are reminded that the register of holders of Reclassified Shares
has closed and that dealings in the Shares have been suspended.

Defined terms not defined herein shall have the meanings given in the circular
of the Company dated 23 May 2005.



Enquiries

For further information please contact:

Mike Woodward
Martin Currie Investment Management Ltd                            0131 229 5252
[e-mail]

Angus Gordon Lennox
JPMorgan Cazenove Limited                                          020 7588 2828

Gareth Morris
RSM Robson Rhodes LLP                                              020 7865 2488

END



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