Second Interim Dividend

14 JUNE 2021

STANDARD LIFE PRIVATE EQUITY TRUST PLC ("THE COMPANY")

Legal Entity Identifier (LEI): 2138004MK7VPTZ99EV13

DECLARATION OF SECOND INTERIM DIVIDEND

The Company announces the payment of the second interim dividend in respect of the year ending 30 September 2021 of 3.4 pence per ordinary share.

This second interim dividend will be paid on 30 July 2021 to all shareholders on the register as at 25 June 2021. The ex-dividend date is 24 June 2021.

DIVIDEND REINVESTMENT PLAN ("DRIP")

The Company has in place a DRIP which allows shareholders to use their dividends to purchase further ordinary shares in the Company. The last election date to participate in the DRIP for the second interim dividend is 9 July 2021.

Further information on the DRIP, including the Terms and Conditions and the associated costs can be found via the following link:

https://www.shareview.co.uk/4/Info/Portfolio/default/en/home/shareholders/Pages/ReinvestDividends.aspx

Shareholders who have not previously applied to participate in the DRIP and who wish to do so in respect of the dividend payable on 30 July 2021, should ensure that a mandate form, or CREST instruction if appropriate, is submitted to the Company's registrars, Equiniti Limited, prior to the dividend election date of 9 July 2021. Applications can be made on-line and a mandate form can be downloaded from the above website.

Further information can also be obtained by calling the registrars' shareholder helpline on 0371 384 2618 or by writing to Equiniti Limited, Aspect House, Spence Road, Lancing, West Sussex BN 99 6DA.

For further information please contact:-

Paul Evitt

Aberdeen Asset Management PLC

Company Secretary

Tel: 0131 528 4270