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Governance

Application of the 'Combined Code' for year ending 31 December 2007:

The Board of Directors has reviewed Standard Life's Corporate Governance procedures that enable it to comply with the relevant requirements of the revised Combined Code on Corporate Governance ('the Combined Code'), as issued by the Financial Reporting Council in June 2006.

The directors consider that throughout the period, Standard Life has complied with all relevant provisions of Section 1 of the Combined Code.

For further details of Standard Life's Corporate Governance procedures, see the Corporate Governance section of the 2007 Financial Statements.



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Standard Life plc, registered in Scotland (SC286832), Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH. Standard Life group includes Standard Life plc and its subsidiaries. Telephone +44 (0)131 225 2552. Calls may be recorded/monitored and call charges may vary.