Standard Life Investments

Standard Life Investments is a leading asset management company, with over £140 billion of assets under management, as at 30 June 2007. We operate in the UK, Canada, Hong Kong, Ireland, France and the USA to ensure that we are able to form a truly global investment view. Standard Life Investments also operates in India through a joint venture, HDFC AMC, and has representative offices in Germany and Korea. We believe that a company run in the long-term interests of its shareholders should manage its relationships with employees, suppliers and customers, and behave responsibly towards the environment and society as a whole. Because we take our responsibility as a shareholder seriously, we seek to use our influence to encourage the achievement of best practice standards of social and environmental management at the companies we invest in with a view to protecting and enhancing the value of our investments. We meet regularly with company directors and senior management to discuss sustainability issues, and the success of our engagement style is evidenced by the desire of companies to maintain an open and frank continuing dialogue with us on SRI matters.