Portfolio Update

LONDON & ST LAWRENCE INVESTMENT COMPANY PLC Listing Rule 21.20 Disclosures Monthly 21.20 (1)(i) As at 31 March 2014 the Company held the following holdings in other UK Listedinvestment companies (including listed investment trusts) which do not have astated investment policy to invest no more than 15% of their gross assets inother listed UK investment companies. Company Market Value Alliance trust 2,725,000 The above holdings represent 2.64% of the Company's portfolio. None of theabove holdings represents 5% of the Company's portfolio. Quarterly 21.20(1)(ii) The top ten holdings as at 31 March 2014 Holding Market Value % Consistent Unit Trust Income units 12,684,711 12.27 Aberforth Geared 4,556,500 Law Debenture 4,216,000 Witan Inv Trust 3,867,425 City of London 3,764,000 Merchants Trust 3,729,750 Edinburgh Inv 3,412,625 Mercantile Inv Trust 3,412,050 TR Property 3,339,900 Dunedin Inc Growth 2,945,250 The above holdings represent 44.44% of the Company's portfolio. There are no other investments with a value of more than 5% of the Company'sportfolio.

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