Fourth Interim Dividend

14 December 2021

STANDARD LIFE PRIVATE EQUITY TRUST PLC ("THE COMPANY")

Legal Entity Identifier (LEI): 2138004MK7VPTZ99EV13

DECLARATION OF FOURTH QUARTER INTERIM DIVIDEND

The Company announces the payment of the fourth quarter interim dividend in respect of the year ended 30 September 2021 of 3.4 pence per ordinary share and brings the total dividends for the financial year to 13.6 pence per ordinary share.

This fourth quarter dividend which, in line with the Company's dividends during the year to 30 September 2021, will be partly funded from capital and will be paid on 28 January 2022 to all shareholders on the register as at 24 December 2021. The ex- dividend date is 23 December 2021.

DIVIDEND REINVESTMENT PLAN ("DRIP")

The Company has in place a DRIP which allows shareholders to use their dividends to purchase further ordinary shares in the Company. The last election date to participate in the DRIP is 7 January 2022.

Further information on the DRIP, including the Terms and Conditions and the associated costs can be found via the following link:

https://www.shareview.co.uk/4/Info/Portfolio/default/en/home/shareholders/Pages/Rei nvestDividends.aspx

Shareholders who have not previously applied to participate in the DRIP and who wish to do so in respect of the dividend payable on 28 January 2022, should ensure that a mandate form, or CREST instruction if appropriate, is submitted to the Company's registrars, Equiniti Limited, prior to the dividend election date of 7 January 2022. Applications can be made on-line and a mandate form can be downloaded from the above website.

Further information can also be obtained by calling the registrars' shareholder helpline on 0371 384 2618 or by writing to Equiniti Limited, Aspect House, Spence Road, Lancing, West Sussex BN 99 6DA.

For further information please contact:- Kerry Higgins

Aberdeen Asset Management PLC Company Secretary

Tel: 0207 618 1578