Transaction in Own Shares

ABERDEEN STANDARD EQUITY INCOME TRUST PLC ("the Company")

Legal Entity Identifier (LEI): 21380015XPT7BZISSQ74

PURCHASE OF OWN ORDINARY SHARES

On 29 June 2020, the Company purchased in the market 16,000 Ordinary Shares at an average price of 275.00 pence per share. These shares will be held in treasury.

Following the transaction, the Company's issued ordinary share capital comprises:

48,468,822 Issued Ordinary Shares (excluding treasury shares).

709,945 Ordinary Shares held in treasury

49,178,767 Issued Ordinary shares (including treasury shares)

The total number of Ordinary Shares with voting rights in the Company is 48,468,822 and this figure 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, Guidance and Transparency Rules.

For further information, please contact:

Evan Bruce-Gardyne

Aberdeen Asset Management PLC

Secretaries

Tel. 0131 372 2200