Asset Allocation Announcement

Securities Trust of Scotland plc
                   Stock Exchange Announcement - 21 June 2005


In  light  of  the  company's proposed reconstruction and winding  up,  per  the
Circular  dated  23  May  2005,  the following additional  information  will  be
provided on a daily basis until 27 June 2005:

Total assets as at close of business on 20 June 2005:   £361,797,004

of which:

1.   equity investments are £118,508,293

2.   UK fixed interest securities are £35,182,097;  and

3.   sterling cash is £208,106,614




For further information, please contact:

Michael Woodward
Martin Currie Investment Management Ltd                0131 229 5252