Last checked at 
22 Feb 2012 15:07
The Investment Company plc
Interim Management Statement
Since our Chairman's Statement of 16th November 2011 in which he drew attention to the unusual volatility in the market prices of some of our holdings, in particular the Fixed Interest securities of Lloyds Banking Group and National Westminster Bank, we have experienced continued volatility of a similar nature resulting in the estimated unaudited net asset value per ordinary share being 262.4p at 31st December 2011. (249.6p at 30th September 2011; 268.1p at 31st October 2011)
Since the beginning of 2012, following a significant recovery in the price of the ordinary shares of Lloyds Banking Group which have risen over 60% from a low of 22p to 36p last week, the market prices of the Enhanced Capital Notes have begun to reflect this trend. At 31st January therefore we can report that the estimated unaudited net asset value per ordinary share had risen to 295.3p.
The Company's income continues to accrue as expected and the Directors anticipate a satisfactory outcome for the year to 31st March 2012.
Contact:
Stephen Cockburn - Managing Director - 020 7448 4715
22nd February 2012