Result of EGM

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

STOS plc

Result of the Second EGM

The  Board  of  STOS  plc (the "Company"), formerly named  Securities  Trust  of
Scotland plc, announces that at the Second Extraordinary General Meeting of  the
Company  held  today,  27  June 2005, the resolutions before  the  meeting  were
approved  by Shareholders. Accordingly, the Company has been placed in  members'
voluntary  liquidation and Adrian Gerald Paul Howlett and Simon Peter  Bower  of
RSM  Robson  Rhodes  LLP of 186 City Road, London EC1V 2NU have  been  appointed
joint liquidators to the Company.

Entitlements under the Scheme

In  accordance  with the reconstruction proposals for every Share  held  in  the
Company,  Shareholders will receive 1 redeemable ordinary  share  in  Securities
Trust  of  Scotland  plc  or 0.15057 new ordinary shares in  Lowland  Investment
Company  plc,  or  110.2331p  cash or such combination  for  which  Shareholders
elected or are deemed to have elected.

The  issue  price  of  each redeemable ordinary share  in  Securities  Trust  of
Scotland  plc issued under the Scheme was 110.5201p.  The issue price represents
a  premium of 109.5201p over the nominal value of a redeemable ordinary share of
1p.

The  issue  price  of  new  ordinary shares in Lowland  Investment  Company  was
734.0074p, being a 1.5% premium to the adjusted net asset value as at  close  of
business on 24 June 2005, for shares issued under the Scheme.

Dealings  in  respect  of  redeemable ordinary shares  in  Securities  Trust  of
Scotland  plc and new ordinary shares in Lowland Investment Company  plc  issued
under  the Scheme are expected to commence on 28 June 2005 and certificates  are
expected  to  be  issued  on  4  July 2005 to  shareholders  holding  their  New
Securities  Trust Shares or Lowland Shares in certificated form.  In respect  of
elections for cash, cheques are expected to be despatched on 28 June 2005.

Shareholders  are  reminded that the register of holders of Reclassified  Shares
has closed and that dealings in the Shares have been suspended.

Defined  terms not defined herein shall have the meanings given in the  circular
of the Company dated 23 May 2005.


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

Gareth Morris
RSM Robson Rhodes LLP                   020 7865 2488


END