Holding in Company

Lowland Investment Co PLC
6 March 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

LOWLAND INVESTMENT COMPANY PLC

2) Name of shareholder having a major interest

HALIFAX GROUP PLC

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

AS IN 2 ABOVE

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

A)     THE EQUITABLE LIFE ASSURANCE SOCIETY - 644,497

B)     HSBC GLOBAL CUSTODY NOMINEES (UK) LTD (A/C 744285) - 1,678

5) Number of shares/amount of stock acquired

644,497


6) Percentage of issued class

3.27%


7) Number of shares/amount of stock disposed

-

8) Percentage of issued class

-

9) Class of security

ORDINARY 25P SHARES

10) Date of transaction

1 MARCH 2001

11) Date company informed

6 MARCH 2001

12) Total holding following this notification

A)     644,497     THE EQUITABLE LIFE ASSURANCE SOCIETY

B)     1,678     HSBC GLOBAL CUSTODY NOMINEES (UK) LTD (A/C 744285)


13) Total percentage holding of issued class following this notification

A)     3.27%

B)     0.01%

       ----

       3.28%

14) Any additional information

THE COMPANY RECEIVED NOTIFICATION FROM CLERICAL MEDICAL INVESTMENT MANAGEMENT
LTD THAT FOLLOWING THE PURCHASE OF CERTAIN ASSETS FROM THE EQUITABLE LIFE
ASSURANCE SOCIETY ON 1 MARCH 2001, THE HALIFAX GROUP PLC NOW HOLDS 3.28% OF
THE COMPANY'S ISSUED SHARE CAPITAL.


15) Name of contact and telephone number for queries

KRISTA BURWOOD - 020 7410 2966

16) Name and signature of authorised company official responsible for
making this notification

KRISTA BURWOOD, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED

SECRETARY

Date of notification - 6 MARCH 2001