Standard Life : Notice of Application to Court

Standard Life plc

On 17 March 2016, Standard Life plc (the 'Company') announced that a resolution to cancel the Company's capital redemption reserve, subject to the confirmation of the Court of Session (the 'Court'), had been proposed (the 'Resolution'). At the Company's Annual General Meeting on 17 May 2016, the Resolution was passed. On the same day, a Petition was presented to the Court seeking an order confirming the cancellation of the Company's capital redemption reserve. In accordance with the Petition, a copy of the notice of the Company's application appears below.

'NOTICE OF APPLICATION TO THE COURT

STANDARD LIFE PLC

Notice is hereby given that, on 17 May 2016, a Petition was presented to the Court of Session in Edinburgh (the 'Court') by Standard Life plc, a public company incorporated under the Companies Acts and registered in Scotland under the company number SC286832 and with its registered office at Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH (the 'Company'), seeking an order confirming the cancellation of its capital redemption reserve (amounting to £488 million) (the 'Reduction'), which was approved by a special resolution of the Company passed on 17 May 2016. On 19 May 2016, the Court ordered (i) that the Petition be advertised once in each of The Edinburgh Gazette, The Scotsman and the Financial Times (UK edition), and (ii) that any person claiming an interest in the Reduction lodge Answers to the Petition, if so advised, at the offices of the Court, 2 Parliament Square, Edinburgh EH1 1RQ within 21 days of the publication of the last of those advertisements, which is expected to be on 25 May 2016. Any such person may wish to seek independent legal advice. In accordance with its practice, the Court is also likely to consider any other objections which are made to it, in writing or in person at the hearing of the Petition to confirm the Reduction. That hearing is expected to take place at the Court on 17 June 2016. Should that date change, the new date will be advertised on the Standard Life plc website at www.standardlife.com/dotcom/investor-information/capital-redemption-reserve.page. A copy of this advertisement and of the Petition will also be available on that same web page.

Burness Paull LLP
50 Lothian Road
Festival Square
Edinburgh
EH3 9WJ

Solicitors to Standard Life plc'

31 May 2016

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