UK financial services

Build upon leading UK position

• Improved life and pension margin reflecting successful change in product mix and design
• Achieved £1bn of assets under administration on Wrap and Fundzone platforms
• Celebrated 3 year anniversary of SIPP and over £7.7bn of SIPP funds under management
• Increased gross lending by 22%
• 4^th largest PMI provider in the UK

Canada

Re-start growth

• NBC up 38% in constant currency to £37m
• Emphasis on operational efficiency and profitability
• Rebuilding distribution network to re-start growth
• New product development
• Celebrating 175^th year in 2008

Europe

Develop a European business

• Significantly increased NBC by 160% due to strong sales growth and improved margins in Germany and Ireland
• Increased margin to 2.2% for 2007 from 1.2% in 2006
• Enhanced product offerings by launching a new product and by offering greater choice and flexibility in existing products
• Strengthening distribution channels

Asia Pacific

Maximise value and opportunity from Indian and Chinese joint ventures

• Continued development in these regions
• Increased percentage shareholding in Indian insurance joint venture to maximum amount permitted under Indian law - demonstrating commitment to Asia Pacific market
• Expansion of distribution channels
• New products - Heng An Standard Life first to launch group pension plan in China that attracts tax relief

Investment management

Continue to grow Standard Life Investments as a global asset management business

• Strong performance despite volatile market conditions
• Strong third party sales - demonstrating good investment performance
• Increased IFRS underlying profit before tax by 19% - reflecting growth in third party business and tight management of costs

Corporate responsibility

A responsible way to do business

We believe it is important for us to consider all the ways that we affect the world around us. Our corporate responsibility (CR) activities focus on five main areas: the environment, investing in the community, life at work, our external stakeholders and being a responsible investor.