Director Shareholding

Investment Company PLC
14 March 2005





The Investment Company plc (the 'Company')



Following the passing of all resolutions at the Extraordinary General Meeting
held on 7 March 2005 (as announced on that day) and the subsequent completion of
the acquisition by the Company of New Centurion Trust Limited, the beneficial
interests of Miss J. B. Webb (a director of the Company) were reduced from
1,768,755 ordinary 50p shares (63.2%) to 475,886 ordinary 50p shares (24.65%) as
anticipated in the document dated 10 February 2005 giving full details of the
proposed acquisition.



The beneficial interest of Miss J. B. Webb's sister Mrs. J. P. Brown, (who is
not a director of the Company) was reduced from 1,717,565 ordinary 50p shares
(61.37%) to 424,686 ordinary 50p shares (22.0%).



As a result of the purchase on 10 March 2005 of 24,350 ordinary 50p shares at
172.5p per share the beneficial interests of Mr. S. J. Cockburn (a director)
increased to 134,147 ordinary 50p shares (7.1%).  In addition Mr. S. J. Cockburn
now has a non-beneficial interest as a trustee in 25,000 ordinary 50p shares
(1.295%).



Mr. C. W. G. Marsh (a director) purchased 25,000 ordinary 50p shares at 172.5p
per share on 10 March 2005 (1.295%).





Enquiries:



S. J. Cockburn, Director - 020 7448 4715



J. P. Q. Harrison, Company Secretary - 020 7448 4700


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