OREANDA-NEWS. August 15, 2012. Continuing growth in assets under administration

Group assets under administration of GBP 204.2bn (FY 2011: GBP 198.4bn)

Long-term savings new business sales of GBP 10.1bn (H1 2011: GBP 11.2bn)

Long-term savings net inflows of GBP 1.6bn1 (H1 2011: GBP 2.9bn1)

Standard Life Investments third party net inflows of GBP 0.6bn1 (H1 2011: GBP 2.9bn1)

Standard Life Investments third party assets under management (AUM) of GBP 74.3bn (FY 2011: GBP 71.8bn) with increasing asset class and geographic reach

Operating profit2 increased by 15%

Fee based revenue increased to GBP 620m (H1 2011: GBP 611m)

Lower unit and absolute costs with acquisition expenses of 146bps (FY 2011: 169bps) and maintenance expenses of 43bps (FY 2011: 46bps)

Operating profit before tax up 15% to GBP 302m (H1 2011: GBP 262m) helped by a significant improvement in UK performance

IFRS profit after tax attributable to equity holders up 28% to GBP 254m (H1 2011: GBP 199m)

Capital and cash generation up 53%, dividend up 6.5% and strong balance sheet

EEV operating capital and cash generation 53% higher at GBP 295m (H1 2011: GBP 193m)

Interim dividend up 6.5% to 4.90p

IGD surplus of GBP 3.0bn (FY 2011: GBP 3.1bn) remained relatively insensitive to market movements

Delivering for our customers

Now have 205,000 customers on platforms with GBP 12.8bn in assets under administration

Continued growth in SIPP, helping to increase assets to GBP 18bn

MyFolio has attracted assets of GBP 1.5bn since launch in October 2010 and GARS AUM exceeds GBP 17bn

David Nish, Chief Executive, commented:

“These results show that Standard Life is performing well. We have delivered increased profits, cash flow and dividends and we are achieving ongoing improvements in operational and financial performance. The UK results, where profits benefited from higher income and significantly lower costs, demonstrate the strength and scalability of our propositions and our brand.

“The industry is undergoing a period of significant change and we believe that this brings opportunity. We are well prepared for the regulatory and market changes on the horizon, and have invested to make sure we are even better placed to meet the needs of our customers and their advisers.

“The market environment is challenging and those conditions look set to continue, however, our business model, leading market positions and strong balance sheet, will allow us to continue to deliver ongoing improvements in value for customers and shareholders.”

Unless otherwise stated, all comparisons are in Sterling and are for the six months ended 30 June 2011.