Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Standard Life plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

Other (please specify):Holding is now below 3% (2.59% of the issued share capital)

x

3. Full name of person(s) subject to notification obligation:

Computershare Company Nominees Limited (CCNL)

4. Full name of shareholder(s) (if different from 3):

N/A

5. Date of transaction (and date on which the threshold is crossed or reached if different):

N/A

6. Date on which issuer notified:

24/12/2008

7. Threshold(s) that is/are crossed or reached:

3%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ord 10p

GB00B16KPT44

83,696,266

83,696,266

N/A

N/A

Approx 56.5m

N/A

2.59%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

56,500,000

2.59

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

CCNL hold limited voting rights in ordinary 10p Standard Life plc shares as a consequence of our Nominee undertaking through which an Unclaimed Asset Trust (UAT) is maintained.

The UAT was set up at demutualisation to hold the shares for individuals who were eligible for shares but had not claimed their entitlement. 

Therefore, a trust deed was set up by Standard Life plc and CCNL (on behalf of Computershare Investor Services plc - the share registrar) with limited voting rights attached to these holdings, as defined within the trust deed.

Proxy Voting:

10. Name of proxy holder:

CCNL

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14 Contact name:

Kenneth Gilmour, Group Secretariat, Standard Life plc

15. Contact telephone number:

0131 245 0751