Portfolio Update

LONDON & ST LAWRENCE INVESTMENT COMPANY PLC Listing Rule 21.20 Disclosures Monthly 21.20 (1)(i) As at 30 September 2014 the Company held the following holdings in other UKListed investment companies (including listed investment trusts) which do nothave a stated investment policy to invest no more than 15% of their grossassets in other listed UK investment companies. Company Market Value Alliance trust 1,808,800 The above holdings represent 1.75% 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 30 September 2014 Holding Market Value % Consistent Unit Trust Income units 12,588,441 12.18 Aberforth Geared 4,613,438 4.47 City of London 3,994,700 3.87 Law Debenture 3,991,250 3.86 Witan Inv Trust 3,663,400 3.55 TR Property 3,433,050 3.32 Merchants Trust 3,379,250 3.27 Edinburgh Inv 3,490,250 3.38 Dunedin Inc Growth 3,153,000 3.05 Mercantile Inv Trust 2,850,000 2.76 The above holdings represent 43.71% 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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