Purchase of Own Securities

SCOTTISH MORTGAGE & TRUST PLC 8 September 1999 ON 7 SEPTEMBER 1999, THE COMPANY PURCHASED FOR CANCELLATION 100,000 ORDINARY SHARES AT A PRICE OF 420.00P PER ORDINARY SHARE AND 120,000 ORDINARY SHARES AT A PRICE OF 416.50P PER SHARE, BRINGING THE TOTAL NUMBER OF SHARES BOUGHT BACK TO 4,285,000. THERE REMAINS 356,435,000 SHARES IN ISSUE. BAILLIE GIFFORD & CO MANAGERS & SECRETARIES
UK 100

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