SL Vanguard Emerging Markets Stock Index …

1 Q32018SL Vanguard Emerging MarketsStock Index pension Fund30 September 2018 This document is intended for use by individuals who are familiar with investment terminology. Please contact your financial adviser if you need anexplanation of the terms SL Vanguard Emerging Markets Stock Index pension Fund invests primarily in the Vanguard EmergingMarkets Stock Index Fund. The aim of the Vanguard Emerging Markets Stock Index Fund is summarised Fund seeks to track the performance of the MSCI Emerging Markets value of any investment can fall as well as rise and is not guaranteed you may get back less than you further information on the Vanguard Emerging Markets Stock Index Fund, please refer to the fund managerfact sheet.

2 Link provided Emerging Markets Stock Index - Fund FundTracker FundQuarterlyUnderlying Fund Launch DateJune 2006 Standard Life Launch DateDecember 2011 Underlying Fund Size (30/09/2018) 7, Life Fund Size (30/09/2018) Fund ManagerEurope EquityIndex TeamStandard Life Fund CodeBFADThe investment performance you will experience from investing in the Standard Life version of the fund will vary from theinvestment performance you would experience from investing in the underlying fund directly. This will be as a result of a number ofdifferences, such as charges, tax and timing of Fund InformationNote: Asset / Sector / Regional compositions are shown in a standardised format due to categorisation of items.

3 This may be marginallydifferent to the way the same information is displayed by the underlying fund manager. Composition of Portfolio by SectorTop Holdings Source: FE 30/09/2018 Source: FE 30/09/2018 Information Technology Discretionary Staples Care Fund (%)TENCENT HOLDINGS ELECTRONICS CO. SEMICONDUCTOR MANUFACTURINGCO. GROUP HOLDING CONSTRUCTION BANK MOBILE & COMMERCIAL BANK OF AN INSURANCE GROUP CO. OF in top Composition of Portfolio by Region Source: FE 30/09/2018 China Africa PerformanceYear on YearSource: FE Year to30/09/2018 (%) Year to30/09/2017 (%) Year to30/09/2016 (%) Year to30/09/2015 (%)Year to30/09/2014 (%)SL Vanguard Emerging Markets Stock IndexPension Global Emerging Markets IndexedSource.

4 FE 80 90 100 110 120 130 140 150 160 01/10/1301/01/1401/04/1401/07/1401/10/14 01/01/1501/04/1501/07/1501/10/1501/01/16 01/04/1601/07/1603/10/1602/01/1703/04/17 03/07/1702/10/1701/01/1802/04/1802/07/18 28/09/1830/09/2013 - 28/09/2018 Powered by data from FEFigures 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) 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 Vanguard Emerging Markets Stock Index pension FundABI Global Emerging Markets EquitiesCumulative PerformanceSource: FE 3 Months (%) 1 Year (%) 3 Years (%) 5 Years (%)SL Vanguard Emerging Markets Stock IndexPension Global Emerging Markets : The information shown relates to the past.

5 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.

6 *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.

7 Neither the Owner nor any other third party sponsors, endorses or promotes the fund or producttowhich Third Party Data relates.**Standard Life means the relevant member of the Phoenix Group (being Phoenix Group Holdings together with its subsidiaries, subsidiaryundertakings and associated companies (whether direct or indirect) from time to time) and the Standard Life Aberdeen Group (being Standard LifeAberdeen plc together with its subsidiaries, subsidiary undertakings and associated companies (whether direct or indirect) from time to time).

8 "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")

9 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. 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.

10 "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 owned by the Phoenix Group and uses the Standard Life brand under licence from the Standard Life Aberdeen Group. You can find moreinformation about Standard Life Aberdeen plc s strategic partnership with Phoenix at 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 Aberdeen, reproduced under licence.)