Dividend

Scottish Mortgage & Trust PLC
27 April 2001

FINAL DIVIDEND
SECURITY TITLE
*Ord shs
MNEMONIC CODE           *SMT
SEDOL CODE              *783-884
DIVIDEND AMOUNT         *4.10p
TOTAL                   *6.00p
PERIOD                  *Year to 31-03-01
PROVISIONAL EX DATE     *13-06-01
RECORD DATE             *15-06-01
PAYMENT DATE            *11-07-01
NOTES *