Dividend

Scottish Mortgage & Trust PLC
27 October 2000

INTERIM DIVIDEND
SECURITY TITLE
*Ord Shs
MNEMONIC CODE         *SMT
SEDOL CODE            *783-884
DIVIDEND AMOUNT       *1.90p
PERIOD                *Six months to 30-09-00
PROVISIONAL EX DATE   *13-11-00
RECORD DATE           *17-11-00
PAYMENT DATE          *01-12-00
NOTES *