Portfolio Update

Lowland Investment Co PLC
03 April 2007

LOWLAND INVESTMENT COMPANY PLC



HENDERSON GLOBAL INVESTORS



3 APRIL 2007




                         LOWLAND INVESTMENT COMPANY PLC



                            Listing Rule 15.4.11 (2)




In accordance with paragraph 15.4.11 (2) of the Listing Rules, Lowland
Investment Company plc announces its ten largest investments as at 31 March
2007. There are no holdings with a value greater than 5% of gross assets.


Company
BP
HSBC
Royal Dutch Shell
Senior
Renold
GlaxoSmithKline
Vodafone
Carclo
Hill & Smith
Diageo





                                    - ENDS -





For further information, please call:



James Henderson

Fund Manager

Lowland Investment Company plc

Telephone: [phone]



James de Sausmarez

Head of Investment Trusts

Henderson Global Investors

Telephone: [phone]






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