Standard Life European Private Equity Trust plc announced that Hamish Buchan retired from the board at the conclusion of the annual general meeting held on February 2, 2012. Edmond Warner has been appointed Senior Independent Director and Alastair Barbour Chairman of the Audit Committee. In addition, the board announced the resignation of Jo Taylor as a non-executive director with effect from February 2, 2012. Due to a change in his other commitments, Mr. Taylor is unable to continue with his directorship of the company and the board has, with regret, accepted his resignation.