Rule 2.10 Announcement

Securities Trust of Scotland PLC
03 March 2005



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



Securities Trust of Scotland plc

In accordance with Rule 2.10 of the Takeover and Mergers, and further to the
announcement made this morning by Perpetual Income & Growth Investment Trust
plc, Securities Trust of Scotland plc announces that it has in issue 304,642,996
ordinary shares of 25p each.

The International Securities Identification Number (ISIN) for the ordinary
shares is GB0007931396.

Enquiries:

Michael Woodward
Martin Currie Investment Management Limited                    0131 229 5252
Angus Gordon Lennox / Julian Cazalet
JP Morgan Cazenove Limited                                     020 7588 2828





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