Re: Posting of Offer document

Securities Trust of Scotland PLC
14 March 2005

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



Securities Trust of Scotland plc ('Securities Trust')



Posting of Offer document



The Board of Securities Trust of Scotland plc notes the announcement by
Perpetual Income and Growth Investment Trust plc that it has posted its Offer
document.  The Board of Securities Trust of Scotland plc confirms that it will
be responding in detail no later than 24th March 2005 and, in the meantime,
continues strongly to advise shareholders to take no action.



Enquiries

Angus Gordon Lennox

JPMorgan Cazenove Limited                            020 7588 2828





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.

The Directors of Securities Trust accept responsibility for the information
contained in this document. To the best of their knowledge and belief (having
taken all reasonable care to ensure that such is the case) the information
contained in this document is in accordance with the facts and does not omit
anything likely to affect the import of such information.

END




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