Submission of resolutions

Scottish Mortgage & Trust PLC
09 July 2003

The Scottish Mortgage & Trust PLC

Resolutions to Renew Buy-Back Powers and change of Company name passed 3 July
2003



A copy of the above resolutions have been submitted to the UK Listing Authority,
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:



Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS



Tel. no. (0)20 7676 1000



                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                     9 July 2003






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