Ten Largest Investments

Investment Company PLC
02 May 2007


The Investment Company plc

Ten Largest Investments

The Investment Company plc announces that, as at 31st March, its ten largest
investments were as follows:

Investments over 5% of total assets


     Stock                                        Shares          % of portfolio

1.   Delta
     4.5% 2nd cum pref £1                      1,380,099                8.23

2.   REA Holdings
     9% cum pref £1                              860,009
     9.5% Gtd Notes 31/12/15/17                  150,000                8.04

3.   Whitbread Hotel Co
     4.5% 'A' cum pref £1                        546,640
     6.5% 'A' cum pref £1                        496,037                7.35

4.   Fiske
     Ordinary 25p                              1,071,000                6.23



Investments under 5% of total assets


      Stock                                       Shares      % of portfolio

5.    Equitable Life Finance
      8% sub gtd bonds 2049                      600,000                4.36

6.    Coats International
      6% red pref stock £1                       624,347                4.31

7.    Fishguard & Rosslare Railways &

      Harbour Co
      3.5% gtd pref stock £1                     775,999                3.96

8.    Dunlop Plantations
      6% cum pref £1                             538,493                3.29

9.    Satcom Group Holdings
      8% Conv Bonds 30/06/09                     280,000
      8% Conv Bonds 31/12/10                         100                3.22

10.   Amalgamated Metal
      5.4% cum pref stock £1                     256,065
      6% cum pref £1                             213,510                2.93

      Total                                                             51.92


                      This information is provided by RNS
            The company news service from the London Stock Exchange