Top Ten Holdings

Standard Life Euro Pri Eqty Tst PLC
03 April 2007


Standard Life European Private Equity Trust PLC


Disclosure of ten largest holdings at 31 March 2007 as required by the
Listing Rules, Chapter 21 paragraph 20 l.


As at 31 March 2007 the ten largest portfolio holdings of the Company by value
were as follows -


                                                       Valuation £'000   % Gross Assets

Alchemy Investment Plan                                         20,708            6.51%
Candover 2001 Fund                                              17,152            5.39%
CVC Europe III                                                  16,831            5.29%
Advent Global Private Equity IV                                 16,686            5.25%
Third Cinven Fund                                               16,507            5.19%
Apax Europe VI                                                  15,461            4.86%
Candover 2005 Fund                                              15,125            4.76%
Charterhouse VII                                                14,338            4.51%
Duke Street Capital V                                           13,191            4.15%
Barclays Private Equity European Fund II                        11,284            3.55%
Total of ten largest portfolio holdings                        157,283           49.46%

Gross assets                                                   317,992


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 December 2006.


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