Transaction in Own Shares

Standard Life Equity Income Tst PLC
30 November 2006

STANDARD LIFE EQUITY INCOME TRUST PLC - SHARE BUY-BACK INTO TREASURY

On 30 November 2006, Standard Life Equity Income Trust PLC purchased 300,000 of
its own 25p ordinary shares at 312 pence per share.  These shares will be held
in treasury.

Following the transaction, the Company's issued ordinary share capital is
38,837,907 (excluding treasury shares) and 39,737,907 (including treasury
shares) ordinary shares of 25p each.  The number of ordinary shares of 25p held
in treasury is 900,000.

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