Timetable Clarification

Securities Trust of Scotland PLC
01 April 2005



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

Timetable confirmation

Further to the announcement made this morning, the board of Securities Trust of
Scotland plc (the 'Board') wishes to clarify the timetable for implementing its
proposals to shareholders.



Following all relevant UK tax clearances and the approval of the UK Listing
Authority having being obtained, the Board intends to publish documentation
convening the relevant shareholder meetings required to implement its proposals
as soon as is practically possible and, in any event, before 30 May 2005.  This
documentation will set out the detailed timetable and mechanism for implementing
the Board's proposals, the material aspects of which the Board has already
announced.



Enquiries:

Angus Gordon Lennox

JPMorgan Cazenove Limited
07768 503516

Kirstie Hamilton / Kate Inverarity


Tulchan Communications
020 7353 4200

JPMorgan Cazenove Limited is acting for Securities Trust in relation to the
matters referred to in this announcement and no one else and will not be
responsible to anyone other than Securities Trust for providing the protections
offered to clients of JPMorgan Cazenove Limited nor for providing advice in
relation to the matters referred to in this announcement.

JPMorgan Cazenove Limited of 20 Moorgate, London EC2R 6DA, which is authorised
and regulated by the Financial Services Authority, has approved the contents of
this announcement for the purposes of Section 21 of the Financial Services and
Markets Act 2000.






                      This information is provided by RNS
            The company news service from the London Stock Exchange