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Standard Life plc - Annual Report and Accounts 2007
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Share ownership guidelines

During 2007, the Remuneration Committee reviewed its share ownership guidelines. These guidelines encourage executives to hold a substantial element of their personal wealth in Standard Life shares. The Remuneration Committee decided that from 2008 the Group Chief Executive's guideline should be increased from 100% of salary to 150% of salary. The rest of the executive Directors are expected to build up a holding of shares worth 100% of base salary. Other Group executive members are expected to build up a holding worth 50% of base salary. This is to be achieved by keeping any shares they or their family members acquire, plus at least half of the shares acquired under the LTIP on an after-tax basis, until the target has been met. We expect this guideline will be achieved within five years of the earlier of the date of flotation or date of appointment.

As at 31 December 2007 the executive Directors' share ownership against the guidelines were:

Director Share ownership
as a percentage of salary		 Guideline
already met?
Sandy Crombie 103% Yes
David Nish 9% No
Trevor Matthews 185% Yes
Keith Skeoch 185% Yes