Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

                                          Securities Trust of Scotland
1. Identity of the issuer or the                       plc
underlying issuer of existing shares to
which voting rights are attached:

2. Reason for notification (yes/no)
                                                               Yes
An acquisition or disposal of voting rights


An acquisition or disposal of financial instruments which
may result in the acquisition of shares already issued to
which voting rights are attached


An event changing the breakdown of voting rights


Other (please specify):

                                             Deutsche Bank AG
3. Full name of person(s) subject
to notification obligation:


4. Full name of shareholder(s) (if           Deutsche Bank AG
different from 3):
                                       Tilney Investment Management

                                                09/10/2008
5. Date of transaction (and date
on which the threshold is crossed
or reached if different):

                                                13/10/2008
6. Date on which issuer notified:

                                                    5%
7. Threshold(s) that is/are
crossed or reached:


8: Notified Details







A: Voting rights attached to shares

Class/type  Situation       Resulting situation after the triggering
of shares   previous to     transaction
If possible the triggering
use ISIN    transaction
code
            Number  Number  Number  Number of       Percentage of
            of      of      of      voting rights   voting rights
            shares  voting  shares
                    rights

                                    Direct  Indire  Direct  Indirect
                                            ct
              N/A     N/A   5,171,  72,026  5,099,   0.07      5.00
GB00B09G3N2                   051             025
     3



B: Financial Instruments

Resulting situation after the triggering transaction

Type of         Expiration  Exercise/   No. of voting   Percentage of
financial       date        conversion  rights that     voting rights
instrument                  period/dat  may be
                            e           acquired (if
                                        the
                                        instrument
                                        exercised/con
                                        verted)







Total (A+B)

Number of voting rights             Percentage of voting rights

                                                   5.07

            5,171,051

















9. Chain of controlled undertakings through which the voting rights and
/or the financial instruments are effectively held, if applicable:



Tilney Investment Management = 5.00% or 5,099,025 shs




Proxy Voting:


10. Name of proxy holder:


11. Number of voting rights proxy
holder will cease to hold:


12. Date on which proxy holder
will cease to hold voting rights:



13. Additional information:






                                    David Lindsay / Andrew Anderson
14 Contact name:                    (Deutsche Bank AG)

                                    +00 44 207 545 8533 / 8532
15. Contact telephone name: