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Standard Life plc - Annual Report and Accounts 2007
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Promoting all-employee share ownership

We believe that share ownership by our employees helps them to understand the interests of our shareholders. On 31 December 2007, 96% of our employees were Standard Life shareholders. The initiatives that promote employee share ownership are:

  1. We operate the Standard Life Share Plan which allows employees to buy shares directly from their earnings. Take-up has been excellent. On 31 December 2007, 63% of eligible employees in the UK were making a monthly average contribution of £44.79. A similar tax approved plan is used in Ireland and has a 53% take-up. Even though the plan cannot be structured on a tax favourable basis in Canada, Germany and Austria, more than 750 employees in these countries are buying shares each month.


  2. We have a Group-wide annual profit sharing scheme which means that employees can receive extra shares if Group profit targets are outperformed. Based on the 2007 results we have decided to award 110 shares to each eligible employee.