Rule 8.3 - SECURITIES TRUST OF SCOTLAND

FORM 8.3

Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel. Use separate form for
each class of securities in which dealings have been made.

Date of Disclosure 26 April 2005

DISCLOSURE UNDER RULES 8.1(a), 8.1(b) (i) and 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS

Date of Dealing 25 April 2005

Dealing in SECURITIES TRUST OF SCOTLAND

(1) Class of securities (eg ordinary shares) ORD GBP0.25

(2) Amount bought  Amount sold  Price per unit
                0        3,000         1.0710
                0       67,300         1.0675

(3) Resultant total of the same class owned or controlled
(and percentage of class) 4,093,568        (1.34 % )

(4) Party making disclosure Barclays PLC

(5) EITHER (a) Name of purchaser / vendor (Note 1)
           (b) if dealing for discretionary clients, name of fund management organisation

               Barclays PLC

(6) Reason for disclosure (Note 2)
           (a) associate of (i) offeror (Note 3) NO
                           (ii) offeree          NO

Specify which category or categories of associate (1-8 overleaf)

           (b) Rule 8.3 (I.e disclosure because of ownership or control of 1% or more of the class
               of relevant securities dealt in) YES

Signed for and on behalf of the party named in (4) above

Geoff Smith
Telephone and extension number
0207 116 2913