Total Voting Rights

To: RNS

From: Standard Life European Private Equity Trust PLC

Date: 1 March 2012

Standard Life European Private Equity Trust PLC (the "Company")

Total Voting Rights

In accordance with the Financial Services Authority's Disclosure and Transparency Rules, as at 29 February 2012 the total number of Ordinary shares of 0.2p of the Company in issue is 162,378,566.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

Enquiries: 0131 538 6603