Credit ratings

Standard Life plc has a Counterparty Credit Rating of A- (stable) from Standard & Poor’s and a Senior Unsecured MTN Rating of (P)Baa1 (stable) from Moody’s.  Standard Life Assurance Limited has a Financial Strength Rating of A+ (stable) from Standard & Poor’s and an Insurance Financial Strength Rating of A1 (stable) from Moody’s.  The Standard Life Assurance Company of Canada has a Financial Strength Rating of A+ (stable) from Standard & Poor’s.

For more information, please visit www.standardandpoors.com or www.moodys.com.

All information contained in Moody's Global Credit Research Reports is the copyright of Moody's Investors Service Inc. All information contained in Standard & Poor's Research Reports is the copyright of Standard & Poor's, a division of the McGraw-Hill Companies.

Standard Life accepts no responsibility for the information contained in any of the reports. The information is provided for general information purposes only and not endorsed or promoted by Standard Life in any way.