Director/PDMR Shareholding

Standard Life Euro Pri Eqty Tst PLC
18 March 2008


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

1)   Name of company

     Standard Life European Private Equity 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

     DR 3.1.4R (1) (a)

     
3)   Name of director/person discharging managerial responsibility

     Clive Sherling

     
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)

     N/A

     
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 0.2p share


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

     n/a

     
8)   State the nature of the transaction.

     Acquisition

     
9)   Number of shares/amount of stock acquired


     30,000 Ordinary 0.2p shares

     
10)  Percentage of issued class acquired


     0.0188%

11)  Number of shares/amount of stock disposed

     -

12)  Percentage of issued class disposed

     -


13)  Price per share

     20,000 @ 214.5p and  10,000 @ 215p (see section 15)


14)  Date of transaction

     18 March 2008 (see section 15)


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

     100,000 Ordinary shares, 0.0626% of issued class.


16)  Date of Notification

     18 March 2008


Name of contact and telephone number for queries
Valerie Mackenzie (Tel: [phone])

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



VALERIE MACKENZIE

Date of Notification - 18/03/2008



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