REG - Lowland Inv. Co. - Net Asset Value(s)

Lowland InvestmentAnnouncement

27/10/2022 12:15

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RNS Number : 3703E  Lowland Investment Co PLC  27 October 2022
 Trust Name                             LOWLAND INVESTMENT COMPANY PLC

 Legal Entity Identifier                2138008RHG5363FEHV19

 NAV Details                            As at close of business on 26 October 2022, the unaudited net asset value per

                                      share calculated in accordance with the AIC formula (including current
                                        financial year revenue items) was 117.8p and the net asset value per share

                                      with debt marked at fair value was 120.1p. 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 October 2022, the unaudited net asset value per

                                      share (excluding current financial year revenue items) was 116.0p and the net
                                        asset value per share with debt marked at fair value was 118.3p.

                                        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 (last updated as at 21
                                        October 2022) plus a credit spread. The discount rate is calculated and
                                        updated weekly (barring large movements in the UK Gilt yield when it will be
                                        calculated more frequently) and applied daily to determine the Company's
                                        published fair value NAVs.

 For further information, please call:  Wendy King

                                        Janus Henderson Investors

                                        Telephone: 020 7818 1818

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