Holding(s) in Company

Standard Life plc
13 July 2006

                                   Standard Life plc

Disclosure of Underwriters interests in shares under Part VI of the Companies
Act 1985 (the 'Act')

Standard Life plc (the 'Company') was informed by notifications dated 12 July
2006 and 13 July 2006 respectively that:

(a)    As at 10 July 2006, as a result of the underwriting arrangements entered
into on 7 July 2006 pursuant to an underwriting and sponsors' agreement dated 15
June 2006 with, among others, the Company, the directors of the Company and the
each of Merrill Lynch International ('Merrill Lynch'), UBS Limited ('UBS'),
Citigroup Global Markets U.K. Equity Limited ('Citigroup'), JPMorgan Cazenove
Limited ('JPMorgan Cazenove') (together, the 'Underwriters') in connection with
the offers of ordinary shares of 10 pence each in the capital of the Company
(the 'Ordinary Shares'), the Underwriters were interested for the purposes of
Part VI of the Act in Ordinary Shares each as comprised in the relevant share
capital (as defined in section 198(2) of the Act) of the Company in the
following amounts:

Name of Underwriter            Number of Ordinary Shares

Merrill Lynch                         421,201,346
UBS                                   421,201,345
Citigroup                              75,498,353
JP Morgan Cazenove                     75,498,353

In each case, so far as the Underwriters were aware, each of the Underwriters
was interested in the Ordinary Shares by virtue of section 208(5) of the Act.
In respect of the Ordinary Shares in which UBS had an interest, UBS AG had a
notifiable interest pursuant to section 203(3) of the Act.  So far as the
Underwriters were aware, MLI Nominees Limited was the registered holder of
501,018,560 Ordinary Shares.

In addition, as at 10 July 2006, Merrill Lynch was interested in, for the
purposes of Part VI of the Act, and was the registered holder in respect of a
further 1,177,138 Ordinary Shares and Citigroup was interested in, for the
purposes of Part VI of the Act, and was the registered holder in respect of a
further 3,340,000 Ordinary Shares.

(b) As at 11 July 2006, Merrill Lynch and UBS each continued to have an interest
in 212,431,870 Ordinary Shares under the underwriting arrangements. In each
case, so far as Merrill Lynch and UBS were aware, the registered holder of the
Ordinary Shares was MLI Nominees Limited and Merrill Lynch and UBS were each
interested in the Ordinary Shares by virtue of section 208(5) of the Act.  In
respect of the Ordinary Shares in which UBS had an interest, UBS AG had a
notifiable interest pursuant to section 203(3) of the Act.

In addition, as at 11 July 2006, Merrill Lynch was interested in, for the
purposes of Part VI of the Act, and was the registered holder in respect of a
further 1,649,844 Ordinary Shares.

As at 11 July 2006, Citigroup and JPMorgan Cazenove each ceased to have a
notifiable interest in the Ordinary Shares.

(c) As at 12 July 2006, Merrill Lynch continued to have an interest in
212,431,870 Ordinary Shares by virtue of section 208(5) of the Act and, so far
as Merrill Lynch was aware, MLI Nominees Limited was the registered holder of
such Ordinary Shares.  In addition, Merrill Lynch was interested in, for the
purposes of Part VI of the Act, and was the registered holder of 660,000
Ordinary Shares.

(d) As at 13 July 2006, Merrill Lynch and UBS each ceased to have a notifiable
interest in the Ordinary Shares.

13 July 2006




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