Purchase of Own Securities

SCOTTISH MORTGAGE & TRUST PLC 24 September 1999 ON 23 SEPTEMBER 1999, THE COMPANY PURCHASED FOR CANCELLATION 255,000 ORDINARY SHARES AT A PRICE 395.00P, BRINGING THE TOTAL NUMBER OF SHARES BOUGHT BACK TO 5,040,000. THERE REMAINS 355,680,000 SHARES IN ISSUE.
UK 100

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