SL Deloitte Passive 50/50 Global Equity Pension Fund

1 Q22018SL Deloitte Passive 50/50 GlobalEquity Pension Fund30 June 2018 This document is intended for use by individuals who are familiar with investment contact your financial adviser if you need an explanation of the terms SL Deloitte Passive 50/50 Global Equity Pension Fund aims to provide long term growth by investing inpassively managed UK and overseas Equity funds, which aim to track the performance of their respectivemarkets. The Fund will be managed to a long term strategic asset allocation of 50% in UK equities and 50%in overseas equities. The proportions held in each fund will vary from time to time due to the relativeperformance of the UK and overseas Fund will only invest in Passive index tracking funds.

2 Where the Fund invests in more than one fund, theallocation between these funds will be re-balanced value of investments within the Fund can fall as well as rise and is not guaranteed you may get backless than you put sterling value of overseas assets held in the Fund may rise and fall as a result of exchange Fund has been designed by Deloitte and Standard Life Master Trust Co Ltd. Standard Life will continue toconsult with Deloitte and Standard Life Master Trust Co Ltd on the future make up of the Fund, which mayresult in changes being made from time to FundBlended FundQuarterlyLaunch DateJanuary 2013 Standard Life Current Fund Size(30/06/2018) Life Fund CodeLLKPThe investment performance you will experience from investing in the Standard Life version of the fund will vary from the investment performanceyou would experience from investing in the underlying fund directly.

3 This will be as a result of a number of differences, such as charges, tax andtiming of Information *Composition of Portfolio by FundFund %Fund fact sheetlinkSL Vanguard FTSE Developed World ex UK Pension Vanguard FTSE UK All Share Index Pension : Standard Life 30/06/2018 Fund Performance *Year on Year PerformanceSource: Data from FE Year to30/06/2018 (%) Year to30/06/2017 (%) Year to30/06/2016 (%) Year to30/06/2015 (%) Year to30/06/2014 (%)SL Deloitte Passive 50/50 Global EquityPension IndexedSource: Data from FE 100 105 110 115 120 125 130 135 140 145 150 155 160 165 170 28/06/1302/09/1302/12/1303/03/1402/06/14 01/09/1401/12/1402/03/1501/06/1501/09/15 01/12/1501/03/1601/06/1601/09/1601/12/16 01/03/1701/06/1701/09/1701/12/1701/03/18 29/06/1830/06/2013 30/06/2018 Data from FE 2018 Figures quoted are calculated over thestated period on a bid to bid basis withgross income reinvested and are basedon units which contain an AnnualManagement Charge (AMC)

4 Of andAdditional Expenses of , aTotal Fund Charge of For therelevant charges on your policy, includingany rebates or discounts that may apply,please refer to your Deloitte Passive 50/50 Global Equity Pension FundCumulative PerformanceSource: Data from FE 3 Months (%) 1 Year (%) 3 Years (%) 5 Years (%)SL Deloitte Passive 50/50 Global EquityPension : The information shown relates to the past. Past performance is not a guide to the future. The value of your investment can go down aswell as up. For the relevant charges on your policy please refer to your policy a fund holds overseas assets the Sterling value of these assets may rise and fall as a result of exchange rate : Money Market - may include bank and building society deposits, other money market instruments such as Certificates of Deposits(CDs), Floating Rate Notes (FRNs) including Asset Backed Securities (ABSs) and allowances for tax, dividends and interest due if appropriate.

5 *Any data contained herein which is attributed to a third party ("Third Party Data") is the property of (a) third party supplier(s) (the "Owner") andis licensed for use by Standard Life**. Third Party Data may not be copied or distributed. Third Party Data is provided "as is" and is not warranted tobe accurate, complete or timely. To the extent permitted by applicable law, none of the Owner, Standard Life** or any other third party (including anythird party involved in providing and/or compiling Third Party Data) shall have any liability for Third Party Data or for any use made of Third Party performance is no guarantee of future results. Neither the Owner nor any other third party sponsors, endorses or promotes the fund or product towhich Third Party Data relates.

6 **Standard Life means the relevant member of Standard Life Aberdeen group, being Standard Life Aberdeen plc together with its subsidiaries,subsidiary undertakings and associated companies (whether direct or indirect) from time to time. "FTSE ", "FT-SE ", "Footsie ", ["FTSE4 Good " and "techMARK] are trade marks jointly owned by the London Stock Exchange Plc and The FinancialTimes Limited and are used by FTSE International Limited ("FTSE") under licence. ["All-World ","All-Share " and "All-Small " are trademarks ofFTSE.]The Fund is not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE"), by the London Stock Exchange Plc (the "Exchange"), Euronext ("Euronext"), The Financial Times Limited ("FT"), European Public Real Estate Association ("EPRA") or the NationalAssociation of Real Estate investment Trusts ("NAREIT") (together the "Licensor Parties") and none of the Licensor Parties make any warranty orrepresentation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE EPRA NAREIT Developed Index (the "Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise.

7 The Index is compiled andcalculated by FTSE. However, none of the Licensor Parties shall be liable (whether in negligence or otherwise) to any person for any error in the Indexand none of the Licensor Parties shall be under any obligation to advise any person of any error therein."FTSE " is a trade mark of the Exchange and the FT, "NAREIT " is a trade mark of the National Association of Real Estate investment Trusts and "EPRA " is a trade mark of EPRA and all are used by FTSE under licence." (Standard Life Assurance Limited is registered in Scotland (SC286833) at Standard Life House, 30 Lothian Road, Edinburgh EH1 Life Assurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential 2018 Standard Life AberdeenFFS LLKP Q2 0618)