The shareholders of Standard Life European Private Equity Trust plc authorized a share repurchase program at its Annual General Meeting on January 29, 2013. Under the program, the fund will repurchase up to approximately 24,318,062 shares, representing 14.99% of its issued capital. The minimum price which may be paid for an ordinary share shall be 0.2p.

The maximum price (exclusive of expenses) which may be paid for an ordinary share shall be an amount being not more than the higher of either 105% of the average of the middle market quotations (as derived from the Daily Official List of London Stock Exchange plc) for the ordinary shares for the five business days immediately preceding the date of purchase; and the higher of the price of the last independent trade and the highest current independent bid relating to an ordinary share on the trading venue on which the purchase is carried out. The program will be valid till the next Annual General Meeting or till March 30, 2014, whichever is earlier. As of December 12, 2012, the company has 162,228,566 ordinary shares, 3,596,981 founder A shares and 30,145,021 deferred shares and no shares in treasury.