Top Ten Holdings

Standard Life Euro Pri Eqty Tst PLC
03 October 2006



Standard Life European Private Equity Trust PLC

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


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

                                               Valuation £'000   % Gross Assets
Alchemy Investment Plan                                 21,582            7.74%
CVC Europe III                                          19,040            6.83%
Charterhouse VII                                        17,803            6.39%
Candover 2001 Fund                                      15,944            5.72%
Third Cinven Fund                                       15,815            5.67%
Advent Global Private Equity IV                         15,355            5.51%
Barclays Private Equity European Fund                   14,863            5.33%
MUST 4                                                  13,497            4.84%
Duke Street Capital V                                   10,292            3.69%
Apax Europe VI                                           9,574            3.44%
Total of ten largest portfolio holdings                153,765           55.16%

Gross assets                                           278,702


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 2006.



                      This information is provided by RNS
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