Disposal

Standard Life plc
09 October 2007



                               Standard Life plc


Standard Life plc announces that its subsidiary, Standard Life Investments
Limited ('SLI') has reduced its stake in its Indian asset management joint
venture, HDFC Asset Management Company Limited ('HDFC AMC'), from 49.9% to 40%
through the sale of 9.9% of the equity shares in HDFC AMC to Housing Development
Finance Corporation Limited ('HDFC'), SLI's Indian joint venture partner.  The
consideration for the sale is US$45,945,900, payable in cash.

It was announced on 4 September that Standard Life had agreed with HDFC to
increase Standard Life's shareholding in HDFC Standard Life Limited, the
insurance joint venture company, from approximately 18.8% to 26% subject only to
compliance with applicable Indian regulatory requirements.


9 October 2007


Enquiries:

Richard England, SLI Press Office 0131 245 2750

Barry Cameron, Press Office 0131 245 6165


END

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