Dividend Declaration

To: Stock Exchange                            For immediate
                                              release:
                                              5 July 2006


                        Securities Trust of Scotland plc
               Interim dividend for the year ending 31 March 2007


The directors have announced today that the company will pay a first interim
dividend for the year ending 31 March 2007 of 1.05p per share.  This dividend
will be paid on 29 September 2006 to shareholders on the register on 8 September
2006.

It is the directors' current intention to pay three further quarterly dividends
totalling at least 3.95p per share in respect of the year to 31 March 2007.





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For further information, please contact:


Ross Watson or Michael Woodward
Martin Currie Investment Management     0131 229 5252
Ltd
[e-mail] /
[e-mail]