Portfolio Update

Standard Life Euro Pri Eqty Tst PLC
04 July 2006

Standard Life European Private Equity Trust PLC



Disclosure of ten largest holdings at 30 June 2006 as required by the
Listing Rules, Chapter 21 paragraph 20 l.



As at 30 June 2006 the ten largest portfolio holdings of the Company by value
were as follows -


                                                      Valuation £'000   % Gross Assets
Alchemy Investment Plan                                        22,325            8.78%
Candover 2001 Fund                                             16,340            6.43%
Charterhouse VII                                               16,324            6.42%
Third Cinven Fund                                              16,002            6.29%
CVC Europe III                                                 14,558            5.72%
Advent Global Private Equity IV                                14,544            5.72%
Barclays Private Equity European Fund                          13,240            5.21%
MUST 4                                                         12,669            4.98%
Duke Street Capital V Fund                                     12,508            4.92%
Coller International Partners IV                                8,372            3.29%
Total of ten largest portfolio holdings                       146,882           57.76%

Gross assets                                                  254,299



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 31 March 2006.




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