Director/PDMR Shareholding

Standard Life Euro Pri Eqty Tst PLC
04 December 2006

   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



    Both

3)  Name of director

    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 ABOVE


6)  Class of security

    ORDINARY 0.2p SHARES

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

    40,000


10) Percentage of issued class acquired

    0.025%

11) Number of shares/amount of stock disposed

    -

12) Percentage of issued class disposed

    -
13) Price per share

    204.0 PENCE

14) Date of transaction

    4 DECEMBER 2006


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

    40,000 - 0.025%

16) Date company informed

    4 DECEMBER 2006



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 - 4 DECEMBER 2006






                      This information is provided by RNS
            The company news service from the London Stock Exchange