Result of EGM

NOT  FOR  RELEASE,  PUBLICATION OR DISTRIBUTION IN OR INTO  THE  UNITED  STATES,
CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND OR JAPAN.

Securities Trust of Scotland plc

Result of the First Extraordinary General Meeting

The Board of Securities Trust of Scotland plc (the "Company") announces that  at
the  Extraordinary General Meeting of the Company held today, 16 June 2005  (the
"First  EGM"), the special resolution approving the scheme of reconstruction  of
the  Company  (the  "Scheme") put to the meeting was duly passed.   The  special
resolution  approving the change of name of the Company to  STOS  plc  was  also
passed.

The  last date for receiving Forms of Election was 13 June 2005. The results  of
the Elections are shown in the table below:

Option
New Securities Trust  108,141,504
Lowland                19,548,627
Cash                  176,952,865
Total                 304,642,996

A  further Extraordinary General Meeting of the Company (the "Second EGM")  will
be held on 27 June 2005 at 11.00am at which resolutions will be proposed for the
winding  up  of the Company, the appointment of liquidators, and  the  grant  of
appropriate  powers  to the liquidators. The Scheme will  not  become  effective
until  these  resolutions are passed. Shareholder entitlements pursuant  to  the
Scheme will be announced by the Company in due course following the Second  EGM,
assuming that the Scheme becomes effective.

Chairman-designate Neil Donaldson said: "We are pleased to have moved forward so
quickly with the proposals put to our shareholders last month which offered them
the choice of investing in New Securities Trust, Lowland or taking cash.  The
outcome of this is that Lowland will gain around £20 million of assets and New
Securities Trust will begin life on 28 June with net assets of around £120
million and a shareholder base of predominantly private investors.  The trust
will focus on achieving rising income and long term capital growth."

Expected Timetable

All references are to UK time

Dealings    in   Reclassified    Shares       8.00am on 24 June
expected  to  commence  on  the  London                    2005
Stock Exchange
Calculation Date                           Close of business on
                                                   24 June 2005
Latest  time  and date for  receipt  of      11.00am on 25 June
Forms of Proxy for the Second EGM                          2005
Dealings    in   Reclassified    Shares       8.00am on 27 June
suspended                                                  2005

Second EGM                                   11.00am on 27 June
                                                           2005
Effective  Date  for implementation  of            27 June 2005
the  Proposals and commencement of  the
liquidation
Dealings  commence  in  New  Securities       8.00am on 28 June
Trust   Shares  on  the  London   Stock                    2005
Exchange
Dealings commence in Lowland Shares  on       8.00am on 28 June
the London Stock Exchange                                  2005
Cheques  despatched to Shareholders  in            28 June 2005
respect of any cash Elections
CREST  accounts credited in respect  of            28 June 2005
any cash Elections
New  Securities Trust Shares issued  in            28 June 2005
uncertificated  form under  the  Scheme
credited  to  accounts of  Shareholders
entitled thereto
Lowland Shares issued in uncertificated            28 June 2005
form  under  the  Scheme  credited   to
accounts   of   Shareholders   entitled
thereto
Definitive  certificates in respect  of       Week commencing 4
New  Securities Trust Shares issued  in               July 2005
certificated    form   despatched    to
Shareholders entitled thereto
Definitive  certificates in respect  of       Week commencing 4
Lowland  Shares issued in  certificated               July 2005
form    despatched   to    Shareholders
entitled thereto

Terms  defined  in the Circular posted to Shareholders on 23 May 2005  have  the
same  meanings in this announcement.  Copies of the resolutions passed have been
submitted to the Document Viewing Facility of the UK Listing Authority and  will
shortly be available for inspection at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel. No. (0)20 7676 1000


Enquiries

For further information please contact:



Mike Woodward
Martin    Currie   Investment 0131 229 5252
Management Ltd
[e-mail]

Angus Gordon Lennox
JPMorgan Cazenove Limited     020 7588 2828

Kate Inverarity
Tulchan Communications        020 7353 4200






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