Transaction in Own Shares

Standard Life Equity Income Tst PLC
18 June 2007


STANDARD LIFE EQUITY INCOME TRUST PLC - SHARE BUY-BACK INTO TREASURY


On 18 June 2007 Standard Life Equity Income Trust PLC purchased 30,000 of its
own 25p ordinary shares at 329.51 pence per share.  These ordinary shares will
be held in treasury.


Following the transaction, the Company's issued ordinary share capital is
37,930,579 ordinary shares of 25p each (excluding treasury shares) and
39,737,907 ordinary shares of 25p each (including treasury shares).  The number
of ordinary shares of 25p held in treasury is 1,807,328.






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