Top Ten Holdings

Standard Life Euro Pri Eqty Tst PLC
03 January 2007

Standard Life European Private Equity Trust PLC



Disclosure of ten largest holdings at 31 December 2006 as required by the
Listing Rules, Chapter 21 paragraph 20 l.



As at 31 December 2006 the ten largest portfolio holdings of the Company by
value were as follows -


                                                Valuation £'000   % Gross Assets
Alchemy Investment Plan                                  21,450            7.36%
Advent Global Private Equity IV                          18,618            6.39%
Charterhouse VII                                         17,641            6.05%
CVC Europe III                                           15,724            5.39%
Candover 2001 Fund                                       15,598            5.35%
Third Cinven Fund                                        14,640            5.02%
Barclays Private Equity European Fund                    11,447            3.93%
Apax Europe VI                                           11,202            3.84%
Duke Street Capital V                                     9,970            3.42%
MUST 4                                                    9,661            3.31%
Total of ten largest portfolio holdings                 145,951           50.06%

Gross assets                                            291,564



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 September 2006.




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