Holding(s) in Company

Standard Life Euro Pri Eqty Tst PLC
07 March 2007

                                                                      APPENDIX 3



TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES



(1).      Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached (ii):

            Standard Life European Private Equity Trust plc



2.         Reason for the notification (please state Yes/No):



An acquisition or disposal of voting rights: No



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: No



An event changing the breakdown of voting rights: No



Other:  Initial notification of Major Interest due to change of thresholds as
per Transparency Directive -DTR 5.1.2: Yes



3.         Full name of person(s) subject to the notification obligation (iii):

            F&C Asset Management Plc


4.         Full name of shareholder(s) (if different from 3.) (iv):

            Foreign & Colonial Investment Trust

            British Assets Trust



5.         Date of the transaction and date on which the threshold is crossed or
  reached (v):

            n/a



6.         Date on which issuer notified:

            27 February 2007



7.         Threshold(s) that is/are crossed or reached:

            11%


8.         Notified details:

            n/a



A: Voting rights attached to shares


Class/type of shares if possible      Situation previous to the          Resulting situation after the
using the ISIN CODE                  Triggering transaction (vi)         triggering  transaction (vi)
GB0030474687                                  19,014,714                          19,014,714




Resulting situation after the triggering transaction (vii)


Class/type of shares if          Number of shares       Number of voting rights (ix)       % of voting rights
possible using the ISIN CODE
GB0030474687                        19,014,714         Direct (x)     Indirect (xi)       Direct      Indirect
                                                       19,014,714           -               n/a        11.95%




B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.
n/a             n/a                   n/a                       n/a                         n/a





Total (A+B)
   Number of voting rights          % of voting rights

          19,014,714                      11.95%





9.      Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable (xv):


Foreign & Colonial Investment Trust

No of voting rights: 8,000,000

% of total voting rights: 5.03%

Reigstered Name: Chase Nominees Limited
British Assets Trust

No of voting rights: 5,000,000

% of total voting rights: 3.14%

Registered Name: Chase Nominees Ltd
Total: 8,000,000 (8.17%)



Proxy Voting:



10.    Name of the proxy holder:

            F&C Asset Management Plc



11.       Number of voting rights proxy holder will cease to hold:

            n/a.



12.       Date on which proxy holder will cease to hold voting rights:

            n/a.



13.       Additional information:

            n/a


14.       Contact name:

            Lynn Edgar, F&C Asset Management plc



15.       Contact telephone number:

            0131 7181052






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