Reduction of Capital

Cancellation of Share Premium Account

STANDARD LIFE ASSURANCE LIMITED

(Registered Number SC286833)

Notice is hereby given that on 21 July 2006 Lord Glennie pronounced an Interlocutor in the Court of Session, Edinburgh, confirming the cancellation of the share premium account as at 21 July 2006 of Standard Life Assurance Limited, 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 written resolution of the members of the Company’s then sole member which was dated 30 May 2006 and made under Section 381(A) of the Companies Act 1985. A certified copy of the Interlocutor, the Petition presented to the Court by the Company and an undertaking given by the Company to the Court were 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.