Holding(s) in Company

Standard Life Euro Pri Eqty Tst PLC
13 October 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

Standard Life European Private Equity Trust plc ('the company')

Following the reverse take-over of F&C Management Limited by ISIS Asset
Management plc on 11 October 2004, the company received notification on 12
October 2004 that the following fund management companies in the Friends
Provident group are interested in the shares referred to below through client
holdings:

F&C Asset Management plc is interested the following shares:

No. of shares                        %

19,000,000                           11.94

Such interest includes the material interest of the client of F&C Asset Managers
Ltd referred to below -

Name of Client           No. of Shares        %      Name of Registered Holder

F&C Inv Tst IT           8,000,000            5.03   Chase Nominees Ltd

Such interest includes the material interest of the client of ISIS Asset
Management plc referred to below -

Name of Client           No. of Shares        %      Name of Registered Holder

British Assets Trust     5,000,000            3.14   Chase Nominees Ltd

Such interest includes the material interest of the client of ISIS Managed
Pension Funds referred to below -

Name of Client           No. of Shares        %      Name of Registered Holder

FPLLA Inv Tst            1,650,000            1.04   HSBC GS Nominees Ltd

Such interest includes the material interest of the client of ISIS Corporate
Pension Funds referred to below -

Name of Client           No. of Shares        %      Name of Registered Holder

FPCP Inv Tst             4,000,000            2.51   HSBC GS Nominees Ltd

Such interest includes the material interest of the client of Friends Provident
Unit Managers referred to below -

Name of Client           No. of Shares        %      Name of Registered Holder

Multi Manager Inv Tst    350,000              0.22   Chase Nominees Ltd

In addition F&C Asset Management plc, as the holding company of the company (s)
referred to in the paragraph (s) above is also interested in those shares.
Furthermore, Friends Provident Life Office, as the holding company of F&C Asset
Management plc, is also interested in the shares referred to above.

Contact:

Stuart Reid
Edinburgh Fund Managers plc
Secretaries

Tel. [phone]

13 October 2004


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