Interim Management Statement - nine months to 30 September 2008

Strong net flows in testing market conditions

Worldwide life and pensions net inflows of ?2.3bn (2007: ?24bn) .

Worldwide third party net investment inflows, excluding money market funds, of ?3.2bn (2007: ?4.8bn).

New business sales demonstrate robust business model: Worldwide life and pensions sales marginally higher at ?12.4bn (2007: ?12.3bn).

Balance sheet resilient: FGD surplus of ?3.4bn at 30 September 2008 (30 June 2008: ?3.5bn).

A further 40% fall in equity markets from 30 September 2008 would result in an FGD surplus of ?1.9bn Group Chief Executive Sandy Crombie said: "I am pleased to report that Standard Life has produced a solid performance in the first nine months of 2008, despite the market turbulence.

The conservative investment management policies we have adopted over the past few years have resulted in a balance sheet that is both strong and resilient.

"While markets are volatile and may remain that way for some time, we are well positioned to continue to attract institutional and retail assets due to our innovative product set, excellence in customer service and strong distribution relationships.".

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