Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the        Securities Trust of Scotland Plc
underlying issuer
of existing shares to which voting
rights are
attached:
2 Reason for the notification (please tick the appropriate box or
boxes):
An acquisition or disposal of voting rights                         X
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
An acquisition or disposal of instruments with similar economic     X
effect to qualifying financial instruments
An event changing the breakdown of voting rights                    X
Other (please
specify):
3. Full name of person(s) subject                        BlackRock, Inc.
to the
notification obligation:
4. Full name of shareholder(s)
 (if different from 3.):
5. Date of the transaction and                             24 March 2010
date on
which the threshold is crossed or
reached:
6. Date on which issuer notified:                           6 April 2010
7. Threshold(s) that is/are                    Holding has gone above 5%
crossed or
reached:

8. Notified details:
A: Voting rights attached to shares
Class/type of Situation        Resulting situation after the triggering
shares        previous         transaction
              to the
if possible   triggering
using         transaction
the ISIN CODE
              Number  Number   Number   Number of         % of  voting
              of      of       of       voting            rights
              Shares  Voting   shares   rights
                      Rights
                                        Direct  Indirect  Direct   Indirect

GB00B09G3N23  N/A     N/A      N/A      N/A     6,533,803 N/A      6.43%



B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of          Expirat  Exercise/       Number of voting  % of voting
financial        ion      Conversion      rights that may   rights
instrument       date     Period          be
                                          acquired if the
                                          instrument is
                                          exercised/
                                          converted.


C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments
Resulting situation after the triggering transaction
Type of       Exerci  Expira  Exercis   Number of voting  % of voting
financial     se      tion    e/        rights            rights
instrument    price   date    Convers   instrument
                              ion       refers to
                              period
                                                          Nominal  Delta



Total (A+B+C)
Number of voting rights             Percentage of voting rights
6,533,803                           6.43%

9. Chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held, if applicable:

BlackRock Investment Management (UK) Limited - 6,533,803 (6.43%)



Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder
will cease
to hold:
12. Date on which proxy holder will cease to
hold
voting rights:


13. Additional information:           BlackRock Compliance Disclosures
                                                    Team
14. Contact name:                             Stuart Watchorn
15. Contact telephone number:                  020 7743 5741;
                                       [e-mail]