Purchase of Own Securities

Scottish Mortgage & Trust PLC 8 March 2000 ON 7 MARCH 2000, THE COMPANY PURCHASED FOR CANCELLATION 200,000 ORDINARY SHARES AT A PRICE OF 502.00P, BRINGING THE TOTAL NUMBER OF SHARES BOUGHT BACK TO 17,804,000. THERE REMAINS 342,916,000 SHARES IN ISSUE.
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