Interim Dividend

THE SCOTTISH MORTGAGE & TRUST PLC
29 October 1999

INTERIM DIVIDEND
COMPANY NAME
*THE SCOTTISH MORTGAGE & TRUST PLC
SECURITY TITLE
*Ord Shs
MNEMONIC CODE       *SMT
SEDOL CODE          *783-884
DIVIDEND AMOUNT     *1.80p
PERIOD              *Six Months to 30-09-99
PROVISIONAL EX DATE *08-11-99
RECORD DATE         *12-11-99
PAYMENT DATE        *01-12-99
DIV/SCRIP OPTION    *Info N/av
NOTES               *