Information for Standard Life plc shareholders

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In May, members of The Standard Life Assurance Company voted overwhelmingly in favour of Standard Life becoming a plc — the proposal was approved by the Court of Session in Scotland and we floated on the London Stock Exchange on 10 July 2006.

As one of our new shareholders, you now own part of our company, have a say in how it is run and have the opportunity to share in our future.

If you have been following press reports about the business, you will have seen the progress that we have made since flotation — for our shareholders and our customers.

Read the latest information here.

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Introduction: Sandy Crombie, Group Chief Executive

"Since flotation, our share price has gone up — which means our shareholders now^* have an investment that is worth 33% more than it was just four months ago..."  ^*22/11/2006

Read more from Sandy Crombie's introductory message.

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IN THIS ISSUE

• Share performance

  Take a look at the performance of our share price since we floated on the London Stock Exchange on 10 July 2006.

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• Connecting with customers

  What we are doing to give our customers the financial solutions and service they want.

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• Half year results

  Our financial results for the first half of the year showed strong sales growth and improved new business profitability.

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• New business results

  Worldwide new business sales have shown accelerated growth in the first three quarters of 2006.

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• Share scam warning

  Some shareholders of UK companies are being targeted by fraudulent 'investment specialists'. We provide some simple tips that will help you avoid them.

PLUS

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Treemail from Standard Life. Find out how your e-mail address could help regenerate a forest.

Some interesting things you might want to know about our shareholders.

The calendar of planned shareholder events.

Get in touch with us about your shareholding.

View all shareholder services.

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Please remember that the value of shares can go down as well as up and you may not get back the full amount invested or any income from it. All figures and share price information have been calculated as at 22 November 2006 (unless otherwise indicated).

© 2006 - 2007 Standard Life

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Any securities issued by Standard Life plc in connection with an offering have not been, and will not be, registered under the U.S. Securities Act of 1933. Any such securities will not be registered under or offered in compliance with applicable securities laws of any state, province, territory, county or jurisdiction of the United States, Australia or Japan. Accordingly, unless an exemption under the relevant securities law is applicable, any such securities may not be offered, sold, resold, delivered or distributed, directly or indirectly, in or into the United States, Australia or Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration thereof in, such jurisdiction.

This document has been published by Standard Life for the information of shareholders of Standard Life plc. It is based on our understanding as at November 2006 and does not provide financial or legal advice.

Products provided by subsidiaries of Standard Life plc or other specified providers.

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.