JANUS HENDERSON FUND MANAGEMENT UK LIMITED

LOWLAND INVESTMENT COMPANY PLC

LEGAL ENTITY IDENTIFIER: 2138008RHG5363FEHV19

3 January 2025

LOWLAND INVESTMENT COMPANY PLC

(the 'Company')

Market purchase by the Company of its own shares

Notification is given that, pursuant to the authority granted at the Annual General Meeting of the Company held on 24 January 2024 to make market purchases of the Company's own ordinary shares up to a maximum of 14.99%, a market purchase of 1,981,136 ordinary shares in the capital of the Company was made today at a price of 125.8667p per share. The shares will be held in treasury.

Following the above purchase, the Company's issued ordinary share capital will continue to be 270,185,650 ordinary shares of 2.5p each, of which 2,130,003 (0.79% of the issued share capital) are held in treasury and have no voting rights.

Holders of the Company's ordinary shares are entitled to one vote for every share held. As treasury shares have no voting rights, the total number of voting rights in the Company is now  268,055,647. Shareholders should use this figure for notifications in keeping with the provisions of DTR 5.

For further information, please call:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary

Telephone: 020 7818 1818

Dan Howe

Head of Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 4458

Harriet Hall

PR Director, Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 2919