Directors Shareholding(s)

Investment Company PLC
4 December 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:
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):
Arbuthnot Latham (Nominees) Limited A/C ION

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:
Non-Beneficial sale as an executor

7   Number of shares/amount of stock acquired:


8   Percentage of issued class:


9   Number of shares/amount of stock disposed:
7,000

10  Percentage of issued class:
0.25%

11  Class of security:
Ordinary 50p shares

12  Price per share:
275p xd

13  Date of transaction:
29 November 2001

14  Date company informed:
29 November 2001

15  Total holding following this notification:
9,000 non-beneficial and 110,797 beneficial

16  Total percentage holding of issued class following this notification:
0.32% non-beneficial and 3.96% beneficial

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:
Jeremy Males

24  Contact telephone number:
020-7600-4800

25  Name of company official responsible for making notification:
Stephen Cockburn, Managing Director




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:
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):
Arbuthnot Latham (Nominees) Limited A/C ION

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:
Non-beneficial sale as an executor

7   Number of shares/amount of stock acquired:


8   Percentage of issued class:


9   Number of shares/amount of stock disposed:
14,000

10  Percentage of issued class:
0.20%

11  Class of security:
Non-voting partipating preference 50p shares

12  Price per share:
110p xd

13  Date of transaction:
1 November 2001

14  Date company informed:
1 November 2001

15  Total holding following this notification:
4,000 non-beneficial and 28,000 beneficial

16  Total percentage holding of issued class following this notification:
0.06% non-beneficial and 0.40% beneficial

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:
Jeremy Males

24  Contact telephone number:
020-7600-4800

25  Name of company official responsible for making notification:
Stephen Cockburn, Managing Director

Additional Information: