Standard Life announces payments for benefit of Pension Sterling Fund customers

02 March 2009

Further to our previous announcement regarding the Standard Life Sterling Deposit Fund, we can now confirm that a further communication has been placed by Standard Life on their website, confirming that they will make immediate payments for the benefit of all customers who invested in the Pension Sterling Deposit Fund and have been affected by the 4.8% fall in unit price arising from the valuation adjustment communicated on 14 January 2009.

Standard Life has decided to put customers back in the position they would have been before the valuation adjustment on 14 January 2009 and will make an immediate cash payment into the fund with payments provided to those customers who have left Standard Life in the period since the valuation adjustment was announced.

Should you have any questions regarding this please contact Standard Life or for more information please use the link* below to view Standard Life's statement relating to this unit price adjustment.

http://ukgroup.standardlife.com/content/news/new_articles/2009/sterling_fund.xml

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