Press release

October 21, 2005

Standard Life Appoints New Vice-President In Its Group Insurance Division

Montral, October 21, 2005 - Mr. Jean Guay, Senior Vice-President, Group Insurance, is pleased to announce the appointment of Suzanne Caron to the position of Vice-President, Underwriting, Systems and Quality Controls, Group Insurance.

In this role, Ms. Caron will be responsible for the pricing of group insurance products and services. She will provide technical guidance to management in establishing profit objectives, and for system development and support. Ms. Caron will also manage all underwriting functions for Standard Life's group insurance business

Ms. Caron graduated from the Universit Laval in actuarial science and is a Fellow of the Society of Actuaries. Throughout her career, she has held senior management positions in major insurance companies and has also been a consultant in an actuarial consulting firm.

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For more information:

Michle Parent
Vice-President
External Communications and Corporate Affairs
Standard Life
Telephone: (514) 499-4273

Julie Chevrette
Specialist
External Communications and Corporate Affairs
Standard Life
Telephone: (514) 499-4289

About Standard Life:

The Standard Life Assurance Company of Canada and its affiliates have $36.1 billion in assets under management and offer a wide range of financial products and services. Products and services include group savings and retirement, group insurance, individual life insurance, savings and retirement, mutual funds and portfolio management services. Total premium income and deposits reached $4.7 billion in 2004 with over 1.2 million customers. (www.standardlife.ca)

Within the Group Insurance business, Standard Life offers a complete line of coverage and risk sharing options ranging from complete protection to administrative services only. Group life and health insurance, dental care, short and long-term disability, travel assistance and accidental death and dismemberment insurance are provided. In addition, disability consulting, rehabilitation services, an employee assistance programme and programmes to promote health and wellness are offered to clients.

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Valérie Lamarre
514-499-7999, ext 8150
1-877-499-9555, ext 8150

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