Listing Rule 15.5.1 (4)

Securities Trust of Scotland plc
                                 ("the Company)
                    Compliance with Model Code - 1 April 2009

In accordance with Listing Rule 15.5.1 (4), the Directors of the Company confirm
that they are satisfied that all inside information known to the Directors and
the Company up to the date of this notice has been notified to a Regulated
Information Service ('RIS') and that any further inside information leading up
to the announcement of the annual results of the Company for the year ended 31
March 2009 will be notified to a RIS.

The Company and persons discharging managerial responsibilities for the Company
are accordingly exempted from the close period provisions of the Model Code in
respect of dealings in the Company's own securities during the period leading up
to the announcement of results, unless the Company and/or any person discharging
managerial responsibilities come into possession of any inside
information whereupon they shall not be permitted to deal unless and until such
inside information has been notified to a RIS.


Martin Currie Investment Management Limited
Company Secretary