Purchase of Own Securities

Scottish Mortgage & Trust PLC
9 June 2000


ON 09 JUNE 2000, THE COMPANY PURCHASED FOR CANCELLATION 190,000 ORDINARY
SHARES AT A PRICE OF 474.00P, BRINGING THE TOTAL NUMBER OF SHARES BOUGHT BACK
TO 24,529,000.  THERE REMAINS 336,191,000 SHARES IN ISSUE.