Purchase of Own Securities

SCOTTISH MORTGAGE & TRUST PLC 15 September 1999 ON 14 SEPTEMBER 1999, THE COMPANY PURCHASED FOR CANCELLATION 200,000 ORDINARY SHARES AT A PRICE OF 412.50P PER ORDINARY SHARE AND 300,000 ORDINARY SHARES AT A PRICE OF 412.33P PER ORDINARY SHARE, BRINGING THE TOTAL NUMBER OF SHARES BOUGHT BACK TO 4,785,000. THERE REMAINS 355,935,000 SHARES IN ISSUE.
UK 100

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