Directors' Notification of Dealing in Shares

Investment Company PLC
11 April 2000

Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
The Investment Company plc

2   Name of director:
Miss Joan B Webb

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):
New Centurion Trust Limited

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
Miss Joan B Webb is associated with New Centurion Trust Limited within the
meaning of s346 Companies Act 1985

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Sale by New Centurion Trust Limited

7   Number of shares/amount of stock acquired:


8   Percentage of issued class:


9   Number of shares/amount of stock disposed:
3,857,144

10  Percentage of issued class:
35.39%

11  Class of security:
Participating Preference shares of 50p

12  Price per share:
100p

13  Date of transaction:
10 April 2000

14  Date company informed:
10 April 2000

15  Total holding following this notification:
204,800

16  Total percentage holding of issued class following this notification:
1.88%

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:
Robert Neal or Jeremy Males

24  Contact telephone number:
0171-600-4800

25  Name of company official responsible for making notification:
Robert Neal, Secretary




Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
The Investment Company plc

2   Name of director:
Paul F Simms

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:
Non-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):
New Centurion Trust Limited

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
P F Simms is associated with New Centurion Trust Limited within the meaning of
s346 Companies Act 1985

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Sale by New Centurion Trust Limited

7   Number of shares/amount of stock acquired:


8   Percentage of issued class:


9   Number of shares/amount of stock disposed:
3,857,144

10  Percentage of issued class:
35.39%

11  Class of security:
Participating Preference shares of 50p

12  Price per share:
100p

13  Date of transaction:
10 April 2000

14  Date company informed:
10 April 2000

15  Total holding following this notification:
Nil

16  Total percentage holding of issued class following this notification:
Nil

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:
Robert Neal or Jeremy Males

24  Contact telephone number:
0171-600-4800

25  Name of company official responsible for making notification:
Robert Neal, Secretary