Purchase of Own Securities

SCOTTISH MORTGAGE & TRUST PLC 26 July 1999 TODAY, 26 JULY 1999, THE COMPANY PURCHASED FOR CANCELLATION 500,000 ORDINARY SHARES AT A PRICE OF 408P PER SHARE. THERE REMAINS 357,255,000 SHARES IN ISSUE. BAILLIE GIFFORD & CO MANAGERS & SECRETARIES
UK 100

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