Reduction of Capital

-3.20428355.947478EH1 2EN2006-05-302006-07-212006-07-28EH12DHEH12EN-3.20710155.948501EH1 2DHThe City of EdinburghTSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk260862610/2482610/248

Reduction of Capital

Reduction of Share Premium Account

STANDARD LIFE PLC

(Registered Number SC286832)

Notice is hereby given that on 21 July 2006 Lord Glennie pronounced an Interlocutor in the Court of Session, Edinburgh, confirming the reduction by £500 million of the share premium account as at 21 July 2006 of Standard Life plc, a company incorporated under the Companies Acts and with its registered office at Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH (“the Company”), in terms of a special resolution of the members of the Company which was passed on 30 May 2006. A certified copy of the Interlocutor was registered by the Registrar of Companies in Scotland on 21 July 2006.

Dundas & Wilson CS LLP

Saltire Court, 20 Castle Terrace, Edinburgh EH1 2EN.

Solicitors to the Company.