SLPE.L Regulatory News (SLPE)

TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii

Standard Life European Private Equity Trust plc

2. Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights: Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: No

An event changing the breakdown of voting rights: No

Other: No

3. Full name of person(s) subject to the notification obligation: iii

Standard Life Investments Limited

4. Full name of shareholder(s) (if different from 3.): iv

Vidacos Nominees

5. Date of the transaction and date on which the threshold is crossed or reached: v

Threshold not crossed, this notification is just an update.

6. Date on which issuer notified:

23 February 2012

7. Threshold(s) that is/are crossed or reached: vi, vii

50%

8. Notified details:

A: Voting rights attached to shares viii, ix

Resulting situation after the triggering transaction (vii)

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Total (A+B+C)

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):

n/a

Proxy Voting:

10. Name of the proxy holder:

n/a

11. Number of voting rights proxy holder will cease to hold:

n/a

12. Date on which proxy holder will cease to hold voting rights:

n/a

13. Additional information:

n/a

14. Contact name:

Steven Davidson, Personal Assets Trust Administration Company Ltd

15. Contact telephone number:

0131 538 1400