Rule 8.3 - STANDARD LIFE

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              STANDARD LIFE
Class of relevant security    ORD GBP0.10
to which the dealings being
disclosed relate (Note 2)
Date of dealing               25 October 2007

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                            Long                     Short

                      Number       (%)         Number       (%)

(1) Relevant       69,271,454     3.19%      2,006,092     0.09%

(2) Derivatives     6,125,266     0.28%     10,136,114     0.47%
(other than
options)
(3) Options and             0     0.00%              0     0.00%
agreements to
purchase/sell
Total              75,396,720     3.47%     12,142,206     0.56%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

  (a)  Purchases and sales

Purchase/sale Number of Securities Price per unit
                                   (GBP)
Purchase      30,802               2.7472
Purchase      6,760                2.7625
Purchase      36,623               2.7546
Purchase      36,623               2.7546
Purchase      8,640                2.7878
Purchase      5,000                2.7400
Purchase      270,332              2.7627
Purchase      5,360                2.8030
Purchase      91,325               2.8475
Purchase      31,467               2.7040
Purchase      4,932                2.7625
Purchase      273,976              2.8350
Sale          5,361                2.7500
Sale          5,400                2.8372
Sale          10,073               2.7625
Sale          182,651              2.8450
Sale          36,793               2.7484
Sale          18,846               2.8218
Sale          36,623               2.7546
Sale          98,110               2.7805
Sale          3,100                2.7394


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         31467         2.7039
CFD            Short         5000          2.74
CFD            Short         30802         2.7471
CFD            Short         9270          2.7543
CFD            Short         36623         2.7546
CFD            Short         270332        2.7627
CFD            Short         8640          2.7877
CFD            Short         5360          2.803
CFD            Long          3100          2.7394
CFD            Long          36793         2.7483
CFD            Long          5361          2.75
CFD            Long          78643         2.7657
CFD            Long          5400          2.8372
CFD            Long          19467         2.8401


(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)




4.   OTHER INFORMATION
None

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.




Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         26 October 2007
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk