<div id="readability-page-1"><div>RNS Number : 0065T Janus Henderson Fund Mgmnt UK Ltd. 13 February 2026 JANUS HENDERSON FUND MANAGEMENT UK LIMITED13 February 2026<div><table><tbody><tr><td>Trust Name</td><td>LOWLAND INVESTMENT COMPANY PLC</td></tr><tr><td>Legal Entity Identifier</td><td>2138008RHG5363FEHV19</td></tr><tr><td>NAV Details</td><td>As at close of business on 12 February 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 185.4p and the net asset value per share with debt marked at fair value was 188.1p.As at close of business on 12 February 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 184.3p and the net asset value per share with debt marked at fair value was 187.1p.Debt marked at fair value is the Company's estimate of the &#34;fair value&#34; 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.</td></tr><tr><td>For further information, please call:</td><td>Janus Henderson Secretarial Services UK LimitedCorporate SecretaryTelephone: 020 7818 1818</td></tr></tbody></table></div><div><table><tbody><tr><td>Trust Name</td><td>THE NORTH AMERICAN INCOME TRUST PLC</td></tr><tr><td>Legal Entity Identifier</td><td>5493007GCUW7G2BKY360</td></tr><tr><td>NAV Details</td><td>As at close of business on 12 February 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 406.1p and the net asset value per share with debt marked at fair value was 408.4p.As at close of business on 12 February 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 401.6p and the net asset value per share with debt marked at fair value was 403.8p.Debt marked at fair value is the Company's estimate of the &#34;fair value&#34; 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 US Treasury. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.</td></tr><tr><td>For further information,please call</td><td>Janus Henderson Secretarial Services UK LimitedCorporate SecretaryTelephone: 020 7818 1818</td></tr></tbody></table></div><div><table><tbody><tr><td>Trust Name</td><td>THE BANKERS INVESTMENT TRUST PLC</td></tr><tr><td>Legal Entity Identifier</td><td>213800B9YWXL3X1VMZ69</td></tr><tr><td>NAV Details</td><td>As at close of business on 12 February 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 142.4p and the net asset value per share with debt marked at fair value was 145.8p. 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 12 February 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 142.0p and the net asset value per share with debt marked at fair value was 145.4p.The current estimated fair value of the Company's GBP denominated unsecured loan notes is based on a discount rate calculated using the yield of a UK Gilt of a similar maturity plus a credit spread. The current estimated fair value of the Company's Euro denominated unsecured loan notes is based on a discount rate calculated using the yield of a Euro Swap of similar maturity plus a credit spread.</td></tr><tr><td>For further information, please call:</td><td>Janus Henderson Secretarial Services UK LimitedCorporate SecretaryTelephone: 020 7818 1818</td></tr></tbody></table></div><div><table><tbody><tr><td>Trust Name</td><td>HENDERSON HIGH INCOME TRUST PLC</td></tr><tr><td>Legal Entity Identifier</td><td>213800OEXAGFSF7Y6G11</td></tr><tr><td>NAV Details</td><td>As at close of business on 12 February 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 208.5p and the net asset value per share with debt marked at fair value was 209.5p.As at close of business on 12 February 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 207.6p and the net asset value per share with debt marked at fair value was 208.7p.Debt marked at fair value is the Company's estimate of the &#34;fair value&#34; 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 determined by the month-end difference in redemption yields between the ICE BofAML 5-10 Year A Sterling Non-Gilt Index and the ICE BofAML 5-10 Year UK Gilt Index. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.</td></tr><tr><td>For further information, please call:</td><td>Janus Henderson Secretarial Services UK LimitedCorporate SecretaryTelephone: 020 7818 1818</td></tr></tbody></table></div><div><table><tbody><tr><td>Trust Name</td><td>THE CITY OF LONDON INVESTMENT TRUST PLC</td></tr><tr><td>Legal Entity Identifier</td><td>213800F3NOTF47H6AO55</td></tr><tr><td>NAV Details</td><td>As at close of business on 12 February 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 545.8p and the net asset value per share with debt marked at fair value was 551.3p. 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 12 February 2026, the unaudited net asset value per share (excluding current financial year revenue items) was 545.8p and the net asset value per share with debt marked at fair value was 551.3p.Debt marked at fair value is the Company's estimate of the &#34;fair value&#34; of its senior secured notes. The current estimated fair value of the Company's senior secured notes is based on a discount rate calculated using the redemption yield of the relevant existing UK Gilt plus a credit spread determined by the month-end difference in redemption yields between the ICE BofAML 5-10 Year A Sterling Non-Gilt Index and the ICE BofAML 5-10 Year UK Gilt Index for the 4.53% senior secured 2029 notes, and the spread between the redemption yield of the ICE BofAML 15+ Year A Sterling Non-Gilt Index and the ICE BofAML 15+ Year UK Gilt Index for the 2.67% senior secured 2046 notes and the 2.94% senior secured 2049 notes. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs. In addition, evidence of issues in the private placement market may be taken into consideration where spreads significantly diverge from those in the public market.</td></tr><tr><td>For further information, please call:</td><td>Janus Henderson Secretarial Services UK LimitedCorporate SecretaryTelephone: 020 7818 1818</td></tr></tbody></table></div><div><table><tbody><tr><td>Trust Name</td><td>THE EUROPEAN SMALLER COMPANIES TRUST PLC</td></tr><tr><td>Legal Entity Identifier</td><td>213800N1B1HCQG2W4V90</td></tr><tr><td>NAV Details</td><td>As at close of business on 12 February 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 235.7p. 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 12 February 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 235.7p.</td></tr><tr><td>For further information, please call:</td><td>Janus Henderson Secretarial Services UK LimitedCorporate SecretaryTelephone: 020 7818 1818</td></tr></tbody></table></div><div><table><tbody><tr><td>Trust Name</td><td>THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC</td></tr><tr><td>Legal Entity Identifier</td><td>213800NE2NCQ67M2M998</td></tr><tr><td>NAV Details</td><td>As at close of business on 12 February 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 997.3p.As at close of business on 12 February 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 979.1p.</td></tr><tr><td>For further information,please call:</td><td>Janus Henderson Secretarial Services UK LimitedCorporate SecretaryTelephone: 020 7818 1818</td></tr></tbody></table></div>This information is provided by RNS, the news service of the London Stock Exchange. 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NAIT

Janus Henderson Fund Management UK Limited announced the unaudited net asset values (NAV) for several trusts as of 12 February 2026. The NAV per share for Lowland Investment Company was 185.4p (including revenue) and 184.3p (excluding revenue). The North American Income Trust reported 406.1p (including revenue) and 401.6p (excluding revenue). The Bankers Investment Trust had NAVs of 142.4p (including revenue) and 142.0p (excluding revenue). Henderson High Income Trust's NAVs were 208.5p (including revenue) and 207.6p (excluding revenue). All values are marked at fair value with debt considerations included.

REG - Janus Henderson NAV - Net Asset Value(s)