Holding in Company

Standard Life Euro Pri Eqty Tst PLC
5 June 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

 1. Name of company:

Standard Life European Private Equity Trust PLC



2) Name of shareholder having a major interest
      Standard Life Investments


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18
      Notification relates to 2 above


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
      Stanlife Nominees Ltd - 80,745,717 shares
      Malcolm Wood c/o Standard Life Assurance Company - 1 share


5) Number of shares/amount of stock acquired
      80,745,718 ordinary shares


6) Percentage of issued class
      50.47%


7) Number of shares/amount of stock disposed
      n/a


8) Percentage of issued class
      n/a



9) Class of security
      Ordinary


10) Date of transaction
      not disclosed


11) Date company informed
      5 June 2001


12) Total holding following this notification
      80,745,717



13) Total percentage holding of issued class following this notification
      50.47%


14) Any additional information
      None


15) Name of contact and telephone number for queries
      Lynn Mathewson (Tel [phone])


16) Name and signature of authorised company official responsible for
making this notification

      Lynn Mathewson
Date of notification 5 June 2001