EMM Disclosure - Amendment

    FORM 38.5 (SUMMARY)

Use a separate form for each class of securities in which dealings have been
made.




CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Name of EMM: Dresdner Kleinwort Wasserstein Securities Limited

Date of disclosure: 21 April 2005


Contact name: Monica Lam


Telephone number: 020 7475 5827


Please see attached disclosure of dealings under Rule 38.5 in the securities of
the following companies:

Securities Trust of Scotland plc

In the case of option business or dealings in derivatives full details should
be given on a separate sheet so that the nature of the dealings can be fully
understood. For options this include the number of securities under option, the
exercise period (or in the case of exercise, the exercise date), the exercise
price and any option money paid or received. For derivative this should
include, at least, the number of reference securities to which they relate
(when relevant), the maturity date (or if applicable the closing out date) and
the reference price.



For full details of the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638
0129.


                               *** AMENDMENT ***                               

                                                                      FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:


DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in:Securities Trust of Scotland Plc

Class of security:Ordinary 25p shares

Date of disclosure:21 April 2005

Date of dealing:18 April 2005

Name of EMM: Dresdner Kleinwort Wasserstein Securities Limited


Name of offeree/offeror

with whom connected:Perpetual Inc. & Growth Inv. Trust Plc


Total number of securities purchased: 783,911


Highest price paid (GBP):1.0625


Lowest price paid (GBP):1.0550


Total number of securities sold:0


Highest price received (GBP):0.0000

Lowest price received (GBP):0.0000



END