Standard Life : B Share Scheme & Share Capital Consolidation

Standard Life Aberdeen plc ('the Company')

B Share Scheme and Share Capital Consolidation

The Company confirms that the previously announced Share Capital Consolidation is due to take place on 22 October 2018 and admission of the New Ordinary Shares to the premium listing segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities is due to take place no later than 8.00 a.m. on the same date.

In addition to receiving 7 New Ordinary Shares for every 8 Existing Shares held prior to the Share Capital Consolidation, Shareholders will also receive one B Share with a nominal amount of 33.99 pence for each Existing Ordinary Share held at the Record Time of 5pm on 19 October 2018. The B shares will be redeemed for cash on 24 October 2018. Shareholders will receive the associated payments and, where relevant, new share certificates, from 2 November 2018.

A fractional entitlement will arise as a result of the Share Capital Consolidation unless a holding of Existing Ordinary Shares is exactly divisible by 8. Any fractional entitlements to New Ordinary Shares which arise as a result of the Share Capital Consolidation will not be allotted to Shareholders but will instead be aggregated and sold in the market and the proceeds of the sale (net of expenses) will be distributed pro rata to relevant Shareholders.

In accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1(A) and further to the announcement on 12 October 2018, the Company confirms that, post completion of the previously announced B Share Scheme and Share Capital Consolidation, the Company's total issued share capital will consist of 2,574,021,492 ordinary shares of 13 and 61/63 pence each, with each New Ordinary Share carrying the right to one vote. The Company holds no Ordinary Shares in treasury. The total number of voting rights in the Company post completion of the Share Capital Consolidation will therefore be 2,574,021,492.

The above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Further details of the B Share Scheme and the Share Capital Consolidation were set out in the shareholder circular published by the Company on 30 May 2018. Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the shareholder circular.

19 October 2018

Enquiries:

Media Enquiries
James Thorneley, Head of Communications	[phone] [phone]
Katy Hetherington, PR Manager	[phone]* [phone]
Investor Enquiries
Jakub Rosochowski, Investor Relations Director	[phone]*
	[phone]
Neil Longair, Investor Relations Manager	[phone]*
	[phone]
Shareholder Enquiries
Standard Life Aberdeen Shareholder Services	0345 113 0045*
	[phone]*
	[e-mail]

* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

Standard Life Aberdeen plc LEI: OTMBS544NMO7GLCE7H90

Classification: 3.1. Additional regulated information required to be disclosed under the laws of a Member State