Total Voting Rights

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

LOWLAND INVESTMENT COMPANY PLC

LEGAL ENTITY IDENTIFIER: 2138008RHG5363FEHV19

1 May 2025

LOWLAND INVESTMENT COMPANY PLC (the 'Company')

Total Voting Rights

In conformity with Disclosure Guidance and Transparency Rule 5.6.1 we would like to notify the market of the following:

As at 30 April 2025, Lowland Investment Company plc's capital consisted of 270,185,650 ordinary shares of 2.5p, of which 37,971,003 ordinary shares were held in Treasury. Shares held in Treasury do not possess voting rights. On a poll, members have one vote for every share held. Therefore, the total number of voting rights in Lowland Investment Company plc is 232,214,647.

The above figure 232,214,647 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the voting rights of Lowland Investment Company plc under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

Janus Henderson Secretarial Services UK Limited

Telephone: 020 7818 1818

Harriet Hall

PR Director, Janus Henderson Investors

Telephone: 020 7818 2919