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

Lowland InvestmentAnnouncement

13/12/2023 12:00

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RNS Number : 6669W  Lowland Investment Co PLC  13 December 2023
 Trust Name                               LOWLAND INVESTMENT COMPANY PLC

 Legal Entity Identifier                  2138008RHG5363FEHV19

 NAV Details                              As at close of business on 12 December 2023, the unaudited net asset value per

                                        share calculated in accordance with the AIC formula (including current
                                          financial year revenue items) was 129.0p and the net asset value per share

                                        with debt marked at fair value as 131.2p.

                                        As at close of business on 12 December 2023, the unaudited net asset value per
                                          share (excluding current financial year revenue items) was 126.3p and the net

                                        asset value per share with debt marked at fair value was 128.5p.

                                        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 plus a credit spread. The

                                        discount rate is calculated and updated monthly 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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