Vebnet and Towers Watson Announce Partnership Throughout Latin America

EDINBURGH, Scotland, February 17, 2011 - Vebnet, a market-leading global technology provider of total rewards and
flexible benefits solutions, and Towers Watson (NYSE, NASDAQ: TW), a leading
global professional services company, have announced a formal partnership in
Latin America.

The partnership combines Towers Watson's expertise in benefits,
investment and communication consulting with Vebnet's market-leading
technology to support organisations that need portal-based flexible employee
benefit schemes. Vebnet and Towers Watson have a similar, successful
partnership in Asia Pacific.

"The increasing diversity of today's workforce makes flexibility an
essential component of benefit provision and total rewards programs," said
Segundo Tascon, Latin America benefits director of Towers Watson.

"Together, Towers Watson and Vebnet will offer a fully integrated yet
highly configurable solution to clients and their employees. Vebnet's
FIX&FLEX is an intuitive and highly configurable technology application that
enables companies to provide education and information content through
engaging communications and consistent messaging within a common employee
brand."

By combining Vebnet's technology, bespoke communication programs
delivered through multimedia channels and highly experienced consulting and
implementation teams, Towers Watson can develop and deliver a differentiated
employee benefit strategy and solution to leading companies. This solution
can include communications plans, total rewards statements, flexible benefits
(www.vebnet.com/Flexible-Benefits—Flexible-Benefits-Schemes—Vebnet/Flexible-Benefits—Flexible-Benefits-Schemes—Vebnet.aspx)
and online pay slips to bring more choice, empowerment, flexibility and
automation to the company's benefit scheme. The technology can be deployed
in multiple languages and currencies and be the application controlling
multinational or global employee benefit scheme provision and administration.

This technology currently supports over 260 organizations, covering
400,000 employees. The technology is deployed in over 20 countries and in
different languages including Chinese, Thai and Spanish.

The partnership is specifically designed to assist companies facing any
issues prevalent in Latin America such as; escalating benefit cost inflation,
increasing complexity and cost in benefit scheme administration, increasing
diversity in the workforce and different employees' needs, a desire to
leverage the value that employers spend on benefit provision, the challenge
of engaging employees through relevant and effective communications, an
obligation to educate and inform employees of the need to save for and plan
for retirement and becoming an employer of choice with a differentiated
reward and benefit strategy.

"We are very pleased to partner with Towers Watson and bring our clients
a solution that will address a number of key employee benefit issues and
deliver innovative market-leading and truly differentiated benefit
solutions," said Gerry O'Neil, chief executive officer of Vebnet.

About Vebnet:

Vebnet have been specialising in creating global employee benefits
solutions for over 10 years. It is part of the Standard Life Group, one of
the leading savings and investment providers.

It has over 200 dedicated flexible employee benefit (
www.vebnet.com/Flexible-Benefits—Flexible-Benefits-Schemes—Vebnet/Flexible-Benefits—Flexible-Benefits-Schemes—Vebnet.aspx )
and technology industry experts with expertise in designing, implementing,
managing and advising on reward programmes.

Its creative ideas are supported by its market-leading in-house
technology. This integrated reward portal brings together all elements of
employee total reward and employee benefit schemes (
www.vebnet.com/Employee-Benefits-Consulting—Vebnet/Employee-Benefits-Consulting—Vebnet.aspx )
to engage employees and optimise the employee benefits strategy (
www.vebnet.com/Services/Employee-benefits-and-total-reward-services—Vebnet.aspx).

(Due to the length of this URL, it may be necessary to copy and paste
this hyperlink into your Internet browser's URL address field. Remove the
space if one exists.)

It supports over 200 organisations, covering in excess of 400,000
employees, who represent some of the world's most progressive employers such
as PepsiCo, Airbus, National Grid and JP Morgan. Its solutions have been
implemented across Europe, Asia, North and Latin America in languages such as
Chinese, Thai, and Spanish.

    Press Contact:

    Steven Hartley
    Public Relations Manager
    Standard Life plc
    Ground Floor
    Caledonian Exchange
    19a Canning Street
    Edinburgh
    EH3 8EG
    +44-(0)131-245-1365

www.vebnet.com

Press Contact: Steven Hartley, Public Relations Manager, Standard Life plc,
Ground Floor, Caledonian Exchange, 19a Canning Street, Edinburgh,
EH3 8EG, +44-(0)131-245-1365