Listing Particulars

Securities Trust of Scotland PLC
3 May 2001


FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE:         3rd May 2001


Application has been made to the UK Listing Authority for the following
securities to be admitted to the Official List.
______________________________________________________________________________

DETAILS OF ISSUE:         £50,000,000 6.25 per cent. Secured Bonds due 2031 

ISSUERS:                  Securities Trust of Scotland plc

INCORPORATED IN:          Scotland


Particulars relating to the issue may be obtained during usual business hours
for fourteen days from the date of this formal notice from:

Securities Trust of Scotland plc        Royal Bank of Canada Europe Ld
Saltire Court                           71 Queen Victoria Street
20 Castle Terrace                       London EC4V 4DE
Edinburgh EH1 2ES


In addition, a copy of the Particulars is available for inspection at the
Document Viewing Facility at the Financial Services Authority, 25 The North
Colonnade, London E14 5HS.