Result of EGM

Standard Life Euro Pri Eqty Tst PLC
24 September 2007


Standard Life European Private Equity Trust plc  (the 'Company')


Result of EGM and results of the Class Meetings of Ordinary and Founder
Shareholders

The Company announces that the special resolution proposed at today's
extraordinary general meeting of the Company was approved (on a show of hands),
as were the extraordinary resolutions proposed at the Class Meeting of the
Ordinary Shareholders and at the Class Meeting of the Founder Shareholders
respectively. Accordingly, the proposed amendments to the Company's articles of
association, which were set out in Appendix 2 of the circular issued by the
Company to its shareholders on 29 August 2007, have become effective.

Proxy votes received were as follows:

•   in relation to the special resolution proposed at the EGM, proxies in
respect of 103,737,298 votes were received, of which 103,576,837 votes were in
favour, 18,461 votes were against, 1,000 were discretionary and 141,000 were
abstentions;

•   in relation to the extraordinary resolution proposed at the Class Meeting of
the Ordinary Shareholders, proxies in respect of 103,737,298 votes were
received, of which 103,576,837 votes were in favour, 18,461 votes were against,
1,000 were discretionary and 141,000 were abstentions; and

•   in relation to the extraordinary resolution proposed at the Class Meeting of
the Founder Shareholders, proxies in respect of 28,747,932 votes were received,
of which 28,747,932 votes were in favour.

Further information

A print of each of the resolutions passed at the EGM and at the respective Class
Meetings has been forwarded to, and will shortly be available for inspection at,
the FSA's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Tel: [phone]





Enquiries:
Scott Dobbie (Chairman)                                      Tel:  [phone]



Capitalised words and expressions used in this announcement have the same
meanings as in the circular issued by the Company on 29 August 2007, a copy of
which is available in full at the FSA's Document Viewing Facility, details of
which are given above.


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