Director/PDMR Shareholding

Standard Life Equity Income Tst PLC
21 September 2006


   NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
                      RESPONSIBILITY OR CONNECTED PERSONS


1)  Name of company

    STANDARD LIFE EQUITY INCOME TRUST PLC



2)  State whether notification is in respect of a transaction notified in
accordance with DR 3.1.4R(1)(a) or DR 3.1.4R(1)(b) or both



    Both

3)  Name of director

    Christopher Rowlands


4)      State whether notification relates to a person(s) connected with a
person discharging managerial responsibilities/director named in 3 above and
identify the connected person(s)


As in 3



5) Indicate whether notification is in respect of a holding of the person named
in 3 or 4 above or in respect of a non beneficial interest


    As in 3



6)  Class of security

    ORDINARY 25p

7)  Name of the registered shareholder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

    Barclays Nominees


8)  State the nature of the transaction.



    Acquisition

9)  Number of shares/amount of stock acquired


    5,000 shares


10) Percentage of issued class acquired


    0.0126%

11) Number of shares/amount of stock disposed

    -

12) Percentage of issued class disposed

    -


13) Price per share

    299.94 pence

14) Date of transaction

    21 September 2006


15) Total holding and percentage holding of issued class following this
notification

    9,810 Ordinary shares, 0.025%, including beneficial holding by wife


16) Date company informed

    21 September 2006



Name of contact and telephone number for queries

STUART REID - TEL: [phone]



Name and signature of authorised company official responsible for making this
notification


STUART REID


Date of Notification - 21 September 2006



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