Rule 2.10 Announcement

Lowland Investment Co PLC
08 April 2005

LOWLAND INVESTMENT COMPANY PLC

HENDERSON GLOBAL INVESTORS

8 April 2005


                         LOWLAND INVESTMENT COMPANY PLC

                               R2.10 ANNOUNCEMENT

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers the
Company announces that it has in issue 21,325,205 ordinary shares of 25p each.

The International Securities Identification Number (ISIN) for the ordinary
shares is GB000 536 8062.

                                    - ENDS -

For further information please contact :

James Henderson
Lowland Investment Company plc
Telephone : [phone]

James de Sausmarez
Head of Investment Trusts
Henderson Global Investors plc
Telephone [phone]


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