Refinancing of debt facility

Standard Life European Private Equity Trust PLC (the "Company")Refinancing of debt facility

30 November 2010

The Board is pleased to announce that on 29 November 2010 the Company entered into a new £120 million committed, syndicated revolving credit facility, led by The Royal Bank of Scotland plc. This facility expires on 31 December 2013 and is otherwise on similar terms to the Company's previous £100 million facility, which has been cancelled. The Company has drawn down £63.5 million (sterling equivalent) under the new facility.

For further information please contact: 

Peter McKellar of SL Capital Partners LLP (0131 245 0055)