Transaction in Own Shares

To: RNS

From: Standard Life European Private Equity Trust PLC

Date: 17 August 2016

Standard Life European Private Equity Trust PLC

TRANSACTION IN OWN SHARES

On 16 August 2016 Standard Life European Private Equity Trust plc (the "Company") purchased for cancellation 150,000 ordinary shares of 0.2p each at a price of 240.00p per share.

Therefore, the total number of shares with voting rights in the Company is 154,346,294.

The above figure (154,346,294) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Clare Allan

for Maven Capital Partners UK LLP

Company Secretary

Enquiries: 0141 206 0129