Purchase of Own Securities

Scottish Mortgage & Trust PLC 3 August 2000 ON 2 AUGUST 2000, THE COMPANY PURCHASED FOR CANCELLATION 250,000 ORDINARY SHARES AT A PRICE OF 460.00P, BRINGING THE TOTAL NUMBER OF SHARES BOUGHT BACK TO 26,643,633. THERE REMAINS 334,076,367 SHARES IN ISSUE.
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