Purchase of Own Securities

Scottish Mortgage & Trust PLC 26 October 2000 ON 26 OCTOBER 2000, THE COMPANY PURCHASED FOR CANCELLATION 225,000 ORDINARY SHARES AT A PRICE OF 439.33P, BRINGING THE TOTAL NUMBER OF SHARES BOUGHT BACK TO 28,602,112. THERE REMAINS 332,117,888 SHARES IN ISSUE.
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