Holding(s) in Company

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SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES All relevant boxes should be completed in block capital letters. 1. Name of company Securities Trust of Scotland plc 2. Name of shareholder having a major interest Legal and General Investment Management Limited 3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non- beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 As in 2 above 4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them HSBC Global Custody Nominee (UK) Ltd A/C 775245 - 1,403,700 shares HSBC Global Custody Nominee (UK) Ltd A/C 357206 - 7,332,858 shares HSBC Global Custody Nominee (UK) Ltd A/C 866203 - 425,700 shares HSBC Global Custody Nominee (UK) Ltd A/C 360509 - 262,146 shares 5. Number of shares/amount of stock acquired 400,000 6. Percentage of issued class 0.13% 7. Number of shares/amount of stock disposed 8. Percentage of issued class 9. Class of security Ordinary Shares 25p 10. Date of transaction 7 January 2003 11. Date company informed 10 January 2003 12. Total holding following this notification 9,424,404 13. Total percentage holding of issued class following this notification 3.02% 14. Any additional information 15. Name of contact and telephone number for queries Sean Keltie : 0131-479-5863 16. Name and signature of authorised company official responsible for making this notification Martin Currie Investment Management Limited Date of notification : 10 January 2003 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/10/20030110BIT00480/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/10/20030110BIT00480/wkr0002.pdf