Securities of Scotland : Dividend Declaration

Securities Trust of Scotland plc ("the Company")

First Interim dividend for the year ending 31 March 2016

The Board announces that the Company will pay a first interim dividend for the year ending 31 March 2016 of 1.45p per share. This dividend will be paid on 25 September 2015 to shareholders on the register on 4 September 2015.

At the Company's Annual General Meeting, the Chairman, Neil Donaldson, reconfirmed the Company's commitment to grow its dividend by at least 18% in the year to 31 March 2016.

Announcing the first interim dividend of 1.45p per share for the year ending 31 March 2016, he restated the following:

• A commitment to grow dividends by at least 18% in the current financial year.

• An ongoing commitment to the progressive dividend policy already in place.

• That the board may now use its authority to distribute some capital profit by way of dividend.

Neil Donaldson, Chairman, added:

'In announcing our first interim dividend today, and based on our current share price, the forecast dividend yield for Securities Trust of Scotland is a very attractive 4.3%. We have already committed to deliver a dividend of at least 5.8p per share in the year to 31 March 2016 which is 18% higher than our dividend for last year. We believe that, in the current environment, income certainty - allied to an attractive dividend - are two characteristics prized by our shareholders. In adopting this approach we are utilising the flexibility, inherent in an investment trust structure, to better serve the needs of current and future shareholders.'

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