Portfolio Update

LONDON & ST LAWRENCE INVESTMENT COMPANY PLC Listing Rule 21.20 Disclosures Monthly 21.20 (1)(i) As at 31 December 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 957,600 The above holdings represent 0.9% of the Company's portfolio. None of the aboveholdings represents 5% of the Company's portfolio. Quarterly 21.20(1)(ii) The top ten holdings as at 31 December 2014 Holding Market Value % Consistent Unit Trust Income units 12,877,251 12.16 Aberforth Geared 4,652,625 4.39 Law Debenture 4,103,625 3.88 Edinburgh Inv 4,099,725 3.87 City of London 4,077,475 3.92 TR Property 3,839,400 3.63 Witan Inv Trust 3,765,000 3.56 Dunedin Inc Growth 3,369,188 3.18 Merchants Trust 3,291,750 3.11 British Assets 3,209,500 3.03 The above holdings represent 44.66% of the Company's portfolio. There are no other investments with a value of more than 5% of the Company'sportfolio.