Director/PDMR Shareholding

Standard Life plc
21 November 2006



                               Standard Life plc


                   Participation in long-term incentive plan


David Nish, Group Finance Director of Standard Life plc, was yesterday granted a
long-term incentive award as part of his recruitment terms which entitles him to
acquire a maximum of 118,729 ordinary shares in the Company.  No payment was
made for the grant of the award and nor will any payment be required if the
award vests because, in keeping with the Company's long-term incentive plan 
('LTIP'), it has been structured as a nil-cost share option.

The award will normally vest shortly following the preliminary announcement of
the Company's results for the year-ending 31 December 2008, subject to continued
employment and to the extent that the performance condition has been satisfied.
The performance condition (which applies to the Company's 2007 and 2008
financial years) is the same as that applying to the similar 2006 LTIP incentive
awards granted to executive directors earlier in the year.


21 November 2006


Enquiries:

Scott White, Press Office 0131 245 5422
Gordon Aitken, Investor Relations 0131 245 6799
Kenneth Gilmour, Group Secretariat, 0131 245 0751

END


                      This information is provided by RNS
            The company news service from the London Stock Exchange