40BX Arab Rep.egp 26

RNS Number:8586C
SL Finance plc
12 May 2006

11 May 2006

Standard Life notifies that further to the Notices of Bondholder Meetings issued
on 18 April 2006 in respect of the following:

1.   SL Finance PLC - Euro750,000,000 6.375 per cent. Fixed/Floating Rate
     Subordinated Guaranteed Bonds due 2022 (ISIN XS0151267522)

2.   SL Finance PLC - #500,000,000 6.75 per cent. Fixed/Floating Rate
     Perpetual Reset Subordinated Guaranteed Bonds (ISIN XS0151267878)

3.   SL MACS PLC - Euro360,000,000 5.314 per cent. Fixed/Floating Rate
     Mutual Assurance Capital Securities (ISIN XS0204937634)

4.   SL MACS (No. 2) PLC - #300,000,000 6.546 per cent. Mutual
     Assurance Capital Securities (ISIN XS0204938798)

bondholder meetings in respect of each of the above series of bonds were held on
10 May 2006 and all Extraordinary Resolutions were passed.

For further information please contact:

Investors:

J.P. Morgan Securities Ltd.
Atten:     John Cavanagh
Tel:       +44 207 742 7506
e-mail:    john.cavanagh@jpmorgan.com

Merrill Lynch International
Atten:     Asar Mashkoor
Tel:       +44 207 995 3715
e-mail:    asar_mashkoor@ml.com

Media:

Atten:     Barry Cameron
Tel:       +44 131 245 6165 / 07712 486463
e-mail:    barry_cameron@standardlife.com



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