Standard Life Equity Income : Issue of Equity

7 September 2015

STANDARD LIFE EQUITY INCOME TRUST PLC

ISSUE OF EQUITY

The Board of Standard Life Equity Income Trust plc ("the Company") announces that the Company today issued 300,000 new ordinary shares of 25 pence each, which rank pari passu with the existing ordinary shares in issue.

The 300,000 new Ordinary shares of 25 pence each were issued for cash at a price of 451.00 pence per Ordinary share under shareholder authority granted at the Annual General Meeting held on 17 December 2014 (the "AGM").

Following this issue of shares, the total number of Ordinary shares in issue is 42,976,691 with each Ordinary share holding one voting right. Therefore, the total number of voting rights in the Company is 42,976,691 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

Following this issue, the Company, under its remaining 2014 AGM Authority (relating to disapplication of pre-emption rights) has the ability to issue a further 3,200,599 ordinary shares.

Application will be made to the UK Listing Authority for 300,000 ordinary shares of 25 pence each to be admitted to the Official List and for such ordinary shares to be admitted to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission of these ordinary shares will become effective on 11 September 2015 and that dealings in the ordinary shares will commence at 8.00 a.m. on 11 September 2015. Thereafter, the total number of ordinary shares in issue will be 42,976,691 and the total number of voting rights in the Company will be 42,976,691 .