20 April 2017

         London and St Lawrence Investment Company PLC (in members' voluntary      
                             liquidation) (the "Company")                          

                  Update on the Scheme and Results of General Meeting              

    Results of the Second General Meeting

    The Board of London and St Lawrence Investment Company PLC announces that at
    the Second General Meeting, held earlier today, the special resolutions were
    duly approved by Shareholders.

    Accordingly, the Company has been placed into members' voluntary liquidation
    and James Eldridge and Jeremy Willmont, both of Moore Stephens LLP, have been
    appointed as liquidators.

    The Company's Reclassified Shares and Preference Shares were suspended at 7.30
    a.m. this morning.

    Applications have been made to the UK Listing Authority and the London Stock
    Exchange for the listing and admission to trading for the Reclassified Shares
    and Preference Shares to be cancelled.  It is expected that such cancellation
    will take place at 8 a.m. on 21 April 2017.

    Copies of the special resolutions have been submitted to the National Storage
    Mechanism and will shortly be available for inspection at www.morningstar.co.uk
    /uk/nsm.

    Terminal Asset Value

    Further to the passing of the resolutions at the Company's General Meetings and
    under the terms of the Proposals, the TAV of the Company was calculated as at
    12 noon on 18 April 2017 and is 390.23 pence.  Ordinary Shareholders who
    elected, or were deemed to have elected, to rollover into Practical Income
    Units will be receive 1.668374519 Units for every Ordinary Share.

    Cheques and contract notes for Practical Income Units issued under the Scheme
    are expected to be dispatched by the Company's registrars in the week
    commencing 24 April 2017.

    Preference Shares

    In accordance with the Articles, holders of the Company's Preference Shares
    will receive a distribution equal to the nominal value of £1.00 for each
    Preference Share and the accrued but unpaid preference dividends equal to
    0.6849 pence for each Preference Share.  It is expected that cheques for this
    payment will be dispatched in the week commencing 24 April 2017.

    Purchase Price for Consistent

    As part of the Proposals, and in conjunction with the liquidation of the
    Company, on 12 April 2017, Shareholders approved the sale of Consistent Unit
    Trust Management Company Limited to the Ashfield Consortium. The Ashfield
    Consortium will purchase Consistent Unit Trust Management Company Limited for a
    consideration of £3.29 million.  The proceeds of this sale will be distributed
    to all Ordinary Shareholders on the Company's register on 20 April 2017 during
    the course of the liquidation in one or more interim distributions after the
    settlement of the Company's creditors.

    Capitalised terms used in this announcement shall, unless the context otherwise
    requires, bear the meaning given to them in the circular dated 20 March 2017.

    Enquiries:

    London & St Lawrence Investment Company PLC

    Jenny Sculley                    +44 (0)1296 711598

    Moore Stephens LLP

    James Eldridge                   +44 (0)20 7334 9191

    Cenkos Securities plc

    Sapna Shah                         +44 (0)20 7397 1922

    Shamus Henderson             +44 (0)20 7397 1917