Update for the Half Year Ended 31 March 2023

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

LOWLAND INVESTMENT COMPANY PLC

LEGAL ENTITY IDENTIFIER: 2138008RHG5363FEHV19

31 May 2023

LOWLAND INVESTMENT COMPANY PLC

Update for the Half Year Ended 31 March 2023

The Company released its Results for the Half-Year Ended 31 March 2023 on 19 May 2023. A copy of the report is available to download from the Company's website: www.lowlandinvestment.com.

An abridged extract from the Half-Year Results has been sent to shareholders. A copy of the abridged version, the Half-Year Update, has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The update is also available for download from the Company's website: www.lowlandinvestment.com.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

For further information please contact:

Helena Harvey

For and on behalf of Janus Henderson Secretarial Services UK Limited

Corporate Secretary to Lowland Investment Company plc

Tel: 020 7818 2025

Dan Howe

Head of Investment Trusts

Janus Henderson InvestorsTel: 020 7818 4458

Harriet Hall

PR Manager

Janus Henderson Investors

Telephone: 020 7818 2919