Director Declaration

Standard Life European Private Equity Trust PLC

From: Standard Life European Private Equity Trust PLC

Date: 24 May 2012

Director declaration

In accordance with Listing Rule 9.6.14, Standard Life European Private Equity Trust PLC announces that Mr Alastair Barbour, a Director of the Company, has been appointed a non-executive director of The Bank of N.T. Butterfield & Son Limited, a company listed on the Bermuda and Cayman Islands stock exchanges,with effect from 23 May 2012.

Steven Davidson

for Personal Assets Trust Administration Company Limited

Company Secretary

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