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Standard Life plc - Annual Report and Accounts 2007
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Statement of Directors' responsibilities for preparing the financial statements

The following statement, which should be read in conjunction with the statement of auditors' responsibilities included in the independent auditors' reports, is made to help shareholders distinguish the respective responsibilities of the Directors and the auditors in relation to the financial statements for 2007.

The Directors are responsible for preparing the Annual Report and the financial statements. The Directors are required by company law to prepare financial statements for each financial year, giving a true and fair view of the state of affairs of the Company and of the Group at the end of the financial year, and of the profit or loss of the Company and the Group for the financial year. The financial statements of the Group must be prepared in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board, as adopted for use in the European Union, the Companies Act 1985 and Article 4 of the IAS Regulation. The Directors have elected to prepare the Company's financial statements on the same basis.

The Directors consider that, in preparing the financial statements on a going concern basis, the Company has used appropriate accounting policies, that these have been consistently applied and supported by reasonable and prudent judgements and estimates, and that all applicable accounting standards have been followed.

The Directors have responsibility for ensuring the maintenance of proper accounting records that disclose, with reasonable accuracy at any time, the financial position of the Company and the Group and to enable them to ensure that the financial statements and the Directors' remuneration report comply with the Companies Act 1985 and, as regards the Group financial statements, article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and the Group and for taking reasonable steps for preventing and detecting fraud and other irregularities.

The Directors are responsible for the maintenance and integrity of the Group's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements differs from legislation in other jurisdictions.