Portfolio Update

Standard Life Euro Pri Eqty Tst PLC
02 October 2007

               Standard Life European Private Equity Trust PLC

     Disclosure of ten largest holdings at 30 September 2007 as required by the
                    Listing Rules, Chapter 21 paragraph 20 l.



As at 30 September 2007 the ten largest portfolio holdings of the Company by
value were as follows -


                                                            Valuation £'000       % Gross Assets
Alchemy Investment Plan                                              20,959                5.65%
Charterhouse VIII                                                    18,681                5.04%
Candover 2001 Fund                                                   17,908                4.83%
Barclays Private Equity European Fund II                             17,744                4.78%
Candover 2005 Fund                                                   17,366                4.68%
Third Cinven Fund                                                    17,350                4.68%
Charterhouse VII                                                     16,219                4.37%
Apax Europe VI                                                       14,812                3.99%
CVC Europe III                                                       12,700                3.42%
Fourth Cinven Fund                                                   11,132                3.00%
Total of ten largest portfolio holdings                             164,871               44.44%

Gross assets                                                        370,953



As an investor in private equity funds, the Company carries out a valuation of
its unquoted fund investments on a quarterly basis. The above table reflects the
last valuation carried out as of 30 June 2007.




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