Purchase of Own Securities

Scottish Mortgage & Trust PLC 15 November 1999 ON 12 NOVEMBER 1999, THE COMPANY PURCHASED FOR CANCELLATION 75,000 ORDINARY SHARES AT A PRICE OF 434.00P, BRINGING THE TOTAL NUMBER OF SHARES BOUGHT BACK TO 5,115,000. THERE REMAINS 355,605,000 SHARES IN ISSUE.
UK 100

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