Director Shareholding(s)

Investment Company PLC 30 March 2001 Schedule 11 - Notification of interests of Directors and Connected Persons 1 Name of company: The Investment Company plc 2 Name of director: Stephen J Cockburn 3 Please state whether notification indicates that it is in respect of holding of the director named in 2 above or holding of that person's spouse or children under the age of 18 or in respect of a non- beneficial interest: Beneficial interest of director 4 Name of registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified): Mr S J Cockburn, Mrs J A Cockburn and PAN Pensioneer Trustees Limited (jointly) 5 Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s): No 6 Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary: Beneficial 7 Number of shares/amount of stock acquired: 5,000 8 Percentage of issued class: 0.18% 9 Number of shares/amount of stock disposed: 10 Percentage of issued class: 11 Class of security: Ordinary 50p share 12 Price per share: 280p 13 Date of transaction: 29 March 2001 14 Date company informed: 29 March 2001 15 Total holding following this notification: 110,797 16 Total percentage holding of issued class following this notification: 3.96% If a director has been granted options by the company, please complete the following fields: 17 Date of grant: 18 Period during which or date on which exercisable: 19 Total amount paid (if any) for grant of the option: 20 Description of shares or debentures involved: class, number: 21 Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise: 22 Total number of shares or debentures over which options held following this notification: 23 Contact name for queries: Michelle Desborough 24 Contact telephone number: 020-7600-4800 25 Name of company official responsible for making notification: Stephen Cockburn, Managing Director Additional Information:
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