Portfolio Update

Standard Life Euro Pri Eqty Tst PLC
02 July 2007


          Standard Life European Private Equity Trust PLC



     Disclosure of ten largest holdings at 30 June 2007 as required by the
                Listing Rules, Chapter 21 paragraph 20 l.



As at 30 June 2007 the ten largest portfolio holdings of the Company by value
were as follows -


                                                            Valuation £'000       % Gross Assets
Advent Global Private Equity IV                                      19,429                5.90%
Alchemy Investment Plan                                              18,694                5.68%
CVC Europe III                                                       18,429                5.60%
Candover 2005 Fund                                                   16,054                4.88%
Apax Europe VI                                                       15,412                4.68%
Candover 2001 Fund                                                   15,304                4.65%
Charterhouse VIII                                                    14,312                4.35%
Barclays Private Equity European Fund II                             13,979                4.25%
Third Cinven Fund                                                    13,575                4.13%
Charterhouse VII                                                     11,664                3.54%
Total of ten largest portfolio holdings                             156,852               47.66%

Gross assets                                                        329,079



As an investor in private equity funds, the Company carries out a valuation of
its unquoted fund investments on a quarterly basis. The above table reflects the
last valuation carried out as of 31 March 2007.




                      This information is provided by RNS
            The company news service from the London Stock Exchange