Purchase of Own Securities

Scottish Mortgage & Trust PLC 19 January 2000 ON 18 JANUARY 2000, THE COMPANY PURCHASED FOR CANCELLATION 85,000 ORDINARY SHARES AT A PRICE OF 467.00P, BRINGING THE TOTAL NUMBER OF SHARES BOUGHT BACK TO 7,234,000. THERE REMAINS 353,486,000 SHARES IN ISSUE.
UK 100

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