Folders of numbered circulars for Board Meeting held on 20/09/2005 1 of 3 Folders of numbered circulars for Board Meeting held on 20/09/2005 2 of 3 Folders of numbered circulars for Board Meeting held on 20/09/2005 3 of 3

• Reference:GB 2078 SL/BP/1/162
• Former Reference:GB 2078 SLB161 SLB162 SLB163 EX38/07
• Dates of Creation:2005
• Name of Creator:
  Standard Life Assurance Company Board of Directors
• Language of Material:English
• Physical Description:
  1 box of papers

• Scope and Content

  Comparison of demutualisation &IPO versus other options. Banks valuation of the business at IPO. Section 1 Executive Summary. Project Pegasus Materials for Board Directors. Corporate & Fund Structure. Consulting Actuaries report. 2004 consulting actuaries report 2005 1st half consulting Actuaries Report. Report on the EEV results of Standard Life Group as at 31/12/2004. Standard Life Group Plan 2006 - 2010. Revised 2005 - 2010 forecasts. Assessment of the Actuarial Performance of each major Business Unit vs plan for 2005 year to date. Minutes of the meeting of the Board of Directors held on 30/08/2005. IPO issues presentation.

  Consists of Draft s2.15 Controls Report with PwC review complete. PwC interim Long form report. 2003-2004 short form report, 2005 1st half short report and 2004 short form report IFRS primary statements.

  Consists of Project Pegasus IPO Valuation - Follow up materials. Working capital report. Skeleton Member's circular. Tax leakage update & confirmation on whether this is the best scheme for the members even if the leakage occurs. Timing of 2006 AGM. Forward Plan for Demutualisation and IPO. Campaign update. Investment grades. Complaints Update. Legal Risk Assessment. Project Pegasus Contingency planning. Programme assurance report. Compensation scheme update. Scheme Due diligence checkpoint. Outline Principles and practices of financial management (PPFM) for Pegasus Life.

• Administrative / Biographical History

  Periodically sent to archive from 2008 onwards by company secretariat

• Arrangement

  Modified ISAD(G)

• Access Information

  Not Public Record(s)

  Access in person only subject to confidentiality restrictions. No reproduction of these records is permitted without permission from the abrdn Company Secretary.

• Acquisition Information

  Company secretariat colleagues

• Accruals

  None expected