LOWLAND INVESTMENT COMPANY PLC

As at close of business on 24 March 2015, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 1443.6p.

As at the close of business on 24 March 2015, the unaudited net asset value per share (excluding current financial year revenue items) was 1432.8p.

Mark Pantlin

Investment Trust Accounting Department

BNP Paribas Securities Services

Tel:  020 7410 4549