HENDERSON EUROTRUST PLC

213800DAFFNXRBWOEF12

Wendy King

Janus Henderson Investors

Telephone: 020 7818 1818

HENDERSON EUROPEAN FOCUS TRUST PLC

213800GS89AL1DK3IN50

As at close of business on 26 April 2024, the unaudited net asset value per ordinary share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 207.6p.

As at close of business on 26 April 2024, the unaudited net asset value per ordinary share (excluding current financial year revenue items and shares held in treasury) was 205.6p.

The Company's loan notes are valued at par.

Wendy King

Janus Henderson Investors

Telephone: 020 7818 1818

LOWLAND INVESTMENT COMPANY PLC

2138008RHG5363FEHV19

As at close of business on 26 April 2024, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 137.8p and the net asset value per share with debt marked at fair value as 139.7p. As the Company's shares are now ex-dividend, the dividend has been deducted from the net asset value.

As at close of business on 26 April 2024, the unaudited net asset value per share (excluding current financial year revenue items) was 136.6p and the net asset value per share with debt marked at fair value was 138.5p.

Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured notes is based on a discount rate calculated using the redemption yield of the relevant existing UK Gilt plus a credit spread. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.

Wendy King

Janus Henderson Investors

Telephone: 020 7818 1818

THE BANKERS INVESTMENT TRUST PLC

213800B9YWXL3X1VMZ69

As at close of business on 26 April 2024, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 122.9p and the net asset value per share with debt marked at fair value was 125.4p. As the Company's shares are now ex-dividend, the dividend has been deducted from the net asset value.

As at close of business on 26 April 2024, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 122.3p and the net asset value per share with debt marked at fair value was 124.8p.

The current estimated fair value of the Company's GBP denominated unsecured loan notes is based on a discount rate calculated using the yield of a UK Gilt of a similar maturity plus a credit spread. The current estimated fair value of the Company's Euro denominated unsecured loan notes is based on a discount rate calculated using the yield of a Euro Swap of similar maturity plus a credit spread.

Wendy King

Janus Henderson Investors

Telephone: 020 7818 1818

HENDERSON INTERNATIONAL INCOME TRUST PLC

2138006N35XWGK2YUK38

As at close of business on 26 April 2024, the unaudited net asset value per ordinary share calculated in accordance with the AIC formula (including current financial year revenue items) was 186.2p and the net asset value per share with debt marked at fair value was 188.4p.

As at the close of business on 26 April 2024, the unaudited net asset value per ordinary share (excluding current financial year revenue items) was 184.4p and the net asset value per share with debt marked at fair value was 186.5p.

Wendy King

Janus Henderson Investors

Telephone: 020 7818 1818

HENDERSON OPPORTUNITIES TRUST PLC

2138005D884NPGHFQS77

As at close of business on 26 April 2024, the unaudited net asset value per ordinary share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 241.6p.

As at close of business on 26 April 2024, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 238.8p.

Wendy King

Janus Henderson Investors

Telephone: 020 7818 1818

HENDERSON HIGH INCOME TRUST PLC

213800OEXAGFSF7Y6G11

As at close of business on 26 April 2024, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 173.0p and the net asset value per share with debt marked at fair value was 174.0p.

As at close of business on 26 April 2024, the unaudited net asset value per share (excluding current financial year revenue items) was 172.0p and the net asset value per share with debt marked at fair value was 173.0p.

Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured notes is based on a discount rate calculated using the redemption yield of the relevant existing UK Gilt plus a credit spread determined by the month-end difference in redemption yields between the ICE BofAML 10-15 Year A Sterling Non-Gilt Index and the ICE BofAML 10-15 Year UK Gilt Index. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.

Wendy King

Janus Henderson Investors

Telephone: 020 7818 1818

THE CITY OF LONDON INVESTMENT TRUST PLC

213800F3NOTF47H6AO55

As at close of business on 26 April 2024, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 414.6p and the net asset value per share with debt marked at fair value was 419.2p. As the Company's shares are now ex-dividend, the dividend has been deducted from the net asset value.

As at close of business on 26 April 2024, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 412.9p and the net asset value per share with debt marked at fair value was 417.5p.

Debt marked at fair value is the Company's estimate of the "fair value" of its senior secured notes. The current estimated fair value of the Company's senior secured notes is based on a discount rate calculated using the redemption yield of the relevant existing UK Gilt plus a credit spread determined by the month-end difference in redemption yields between the  ICE BofAML 5-10 Year A Sterling Non-Gilt Index and the ICE BofAML 5-10 Year UK Gilt Index for the 4.53% senior secured 2029 notes, and the spread between the redemption yield of the ICE BofAML 15+ Year A Sterling Non-Gilt Index and the ICE BofAML 15+ Year UK Gilt Index for the 2.67% senior secured 2046 notes and the 2.94% senior secured 2049 notes. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs. In addition, evidence of issues in the private placement market may be taken into consideration where spreads significantly diverge from those in the public market.

Wendy King

Janus Henderson Investors

Telephone: 020 7818 1818

THE EUROPEAN SMALLER COMPANIES TRUST PLC

213800N1B1HCQG2W4V90

Wendy King

Janus Henderson Investors

Telephone: 020 7818 1818