Pension One Investment Funds

The Pension One Funds are available to investors in the following products:

• Group Personal Pension Plan (GPP) / Group Personal Pension One (GPPOne) / Group Personal Pension Flex (GPPFlex)
• Group Flexible Retirement Plan (GFRP)
• Personal Pension Plan (PPP) / Personal Pension One (PPOne) / Personal Pension Flex (PPFlex)
• Executive Pensions (EPP, Premier and Standard SSAS)
• Group Plan (Contracted in Money Purchase - CIMP)
• Group Additional Voluntary Contribution Plan (GAVC)
• Self Invested Personal Pension (SIPP)
• Pension Fund Withdrawal Plan (PFWP)
• Retirement Account Plan (RAP)
• Individual Buy-Out Plan (IBOP)
• Retirement Account Plan for Small Self-Administered Scheme (RAP for SSAS)

The default list of funds shown are managed by Standard Life Investments. To view another manager's funds please choose from the drop-down menu.

To view fund information in the form of a fact sheet simply click on the name of the fund shown. Please note that these fact sheets are provided in PDF format. Should you wish to view the fact sheets, you must have Adobe Acrobat Reader.

The fund descriptions are intended for individuals who are familiar with investment terminology. Please contact your financial adviser if you need an explanation of the terms used.

You can also view the Lifestyle Profiles available(PDF). This is not available for SIPP or PFWP

Values shown are displayed in pence.

Fund	Graph	Price	Daily Change			Change Date
SLI Global Absolute Return Strategies Fund		91.7		-0.90	-0.97%	06/10/2008
Pension Sterling One Fund		135.8		-0.10	-0.07%	06/10/2008
Pension Cautious Managed One Fund		124.6		-0.80	-0.64%	06/10/2008
Pension Property One Fund#		165.8		0.00	0.00%	06/10/2008
Pension Fixed Interest One Fund		143.7		1.30	0.91%	06/10/2008
Standard Life Investments Global Equity Select 60:40 Fund		96.6		-2.80	-2.82%	06/10/2008
Standard Life Investments Global Reit Fund		55.9		-2.10	-3.62%	06/10/2008
Pension Protection One Fund		140.5		2.20	1.59%	06/10/2008
Pension Managed One Fund		115.7		-2.20	-1.87%	06/10/2008
Pension Ethical One Fund		131.0		-3.00	-2.24%	06/10/2008
Pension Stock Exchange One Fund		115.4		-3.20	-2.70%	06/10/2008
Pension International One Fund		95.5		-3.30	-3.34%	06/10/2008
Pension UK Equity One Fund		107.9		-2.60	-2.35%	06/10/2008
Pension Far East One Fund		92.1		-1.60	-1.71%	06/10/2008
Pension European One Fund		104.7		-2.40	-2.24%	06/10/2008
Pension North American One Fund		68.9		-3.30	-4.57%	06/10/2008
Pension Japanese One Fund		47.2		-1.20	-2.48%	06/10/2008
Pension Pacific Basin One Fund		131.3		-9.00	-6.42%	07/10/2008
Pension FTSE* Tracker One Fund		103.7		-2.70	-2.54%	06/10/2008
Pension Cash One ##		131.9		0.00	0.00%	06/10/2008
Pension Index-Linked One Fund		155.1		2.40	1.57%	06/10/2008
Pension US Equity Tracker One Fund		109.5		-3.80	-3.35%	06/10/2008
Pension European Equity Tracker One Fund		158.4		-3.70	-2.28%	06/10/2008
Pension Global Equity 50:50 Tracker One Fund		132.5		-3.70	-2.72%	06/10/2008
Pension Cautious Manager of Managers Fund		112.1		-0.90	-0.80%	06/10/2008
Pension Balanced Manager of Managers Fund		116.4		-2.20	-1.86%	06/10/2008
Pension Global Equity Manager of Managers Fund		114.4		-3.60	-3.05%	06/10/2008
Pension UK Equity Manager of Managers Fund		118.2		-3.00	-2.48%	06/10/2008
Pension Overseas Manager of Managers Fund		109.1		-4.20	-3.71%	06/10/2008
Pension UK Opportunities One Fund		139.0		0.60	0.43%	06/10/2008
Pension Corporate Bond One Fund		127.9		0.70	0.55%	06/10/2008
Pension UK Equity Select One Fund		164.9		-4.20	-2.48%	06/10/2008
Pension Global Equity 50:50 One Fund		138.2		-4.20	-2.95%	06/10/2008
Pension Overseas Tracker One Fund		117.7		-3.50	-2.89%	06/10/2008
Pension Overseas One Fund		128.0		-4.50	-3.40%	06/10/2008
Pension Managed Cash One Fund		100.4		0.00	0.00%	06/10/2008
Standard Life Investments Select Property Fund		88.4		-2.40	-2.64%	06/10/2008
Standard Life Investments UK Smaller Companies Fund		171.0		0.50	0.29%	06/10/2008
Standard Life Investments Global Equity Unconstrained Fund		80.2		-2.10	-2.55%	06/10/2008
Standard Life Investments Dynamic Distribution Fund		92.3		-0.40	-0.43%	06/10/2008
Standard Life Investments Higher Income Fund		92.2		-1.40	-1.50%	07/10/2008
Standard Life Investments UK Equity High Income Fund		87.8		-0.90	-1.02%	06/10/2008
Standard Life Pension Long Corporate Bond One		91.1		1.20	1.34%	06/10/2008
Standard Life Pension Individual Property One +++		77.2		0.00	0.00%	06/10/2008

# The Pension Property One Fund is not available under PPFlex, EPP, SSAS, RAP for SSAS, IBOP, PPOne and PPP.

## The Pension Cash One Fund is closed to new business.

**Please note that in certain circumstances a performance fee will apply to the JO Hambro UK Equity Income Fund.
For further information on this and how it is calculated, please ask for a copy of our leaflet 'JO Hambro - Performance Fee' (GEN445).

+ In certain circumstances, a performance fee may also be applied. For more details on this fee, visit www.blackrock.co.uk

++ The Old Mutual UK Select Smaller Companies Fund closed to new business on 15 December 2006.

+++ The Standard Life Pension Individual Property One Fund is not available under the following contracts: GFRP, GPPFlex, GPPOne, GPPP, CIMP, GAVC and RAP.

* FTSE

*FTSE International Limited ("FTSE") does not sponsor, endorse, or promote this fund. All copyright in the index values and constituent list vests in FTSE. Standard Life Assurance Limited has obtained licence from FTSE to use such copyright in the creation of this fund. "FTSE®" is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence.

About These Prices

The price shown is the price at which units in each of the Investment Funds are both bought and sold on 07/10/2008. These prices are for information purposes only. For more information on the actual unit prices that will be used when a transaction is carried out please contact us.

Your Investment

The value of your investment can go down as well as up. The sterling value of overseas assets in these funds may also rise and fall as a result of exchange rate fluctuations. In exceptional circumstances, a request to change funds or transfer benefits may be deferred for up to one month for investments in the investment-linked funds or six months for the Property Fund.