Standard Chartered PLC — Board/Management Information 2007

May 2, 2007

Standard Chartered

Standard Chartered PLC

(渣打集團有限公司)

(Registered in England and Wales number 966425)

(Stock Code: 2888)

(the "Company")

Standard Chartered PLC appoints Deputy Chairman and Non-Executive Director

Standard Chartered PLC announces the appointment of Mr John Peace and Mr Sunil Bharti Mittal as independent Non-Executive Directors of Standard Chartered PLC with effect from 1 August 2007.

Mr John Peace will become Deputy Chairman and also the Senior Independent Director from the date of his appointment.

John Peace and Sunil Bharti Mittal have been appointed as independent Non-Executive Directors of Standard Chartered PLC with effect from 1 August 2007.

John Peace will become Deputy Chairman and also the Senior Independent Director from the date of his appointment.

Mr Peace, 58, is Chairman of Experian Group Limited, a FTSE100 company, and Burberry Group plc. His successful career has covered the retail, information technology and financial sectors. Mr Peace was formerly Chief Executive of GUS plc, where his restructuring strategy more than trebled the group's market capitalisation in six years.

Mr Mittal, 49, is the Founder, Chairman and Group Chief Executive of Bharti Enterprises, the controlling shareholder of Bharti Airtel Ltd, a US$35 billion company and one of India's top five companies. Besides controlling and running Bharti Airtel, India's leading private integrated telecom company, Bharti Enterprises is also engaged in several other businesses.

Rudy Markham will step down as Senior Independent Director with effect from 1 August 2007.

Mervyn Davies, Chairman of Standard Chartered, said:

"The appointments of John Peace and Sunil Mittal strengthen our governance and add great depth and diversity to our Board.

John has an outstanding record as a strategic business thinker and for increasing shareholder value.

Sunil is one of India's most successful and highly respected entrepreneurs and I am very pleased that we have additional Board representation from such an important market.

I would also like to take this opportunity to thank Rudy Markham for his support during his time as the Senior Independent Director. I am delighted that Rudy will be continuing as Chairman of the Audit and Risk Committee, which plays such a critical role in the governance of the company."

By Order of the Board

Clive Burns

Group Company Secretary

Hong Kong, 1 May 2007

Notes:

As independent non-executive directors of the Company, John Peace and Sunil Mittal do not have service contracts. They do not have a designated length of service, but in accordance with the Company's articles of association each appointment will be subject to re-election by the Company's shareholders every three years. The directors' fees payable will be determined by the Board.

As at the date of this announcement, John Peace does not own any shares in the Company under the meaning of Part XV of the Securities and Futures Ordinance.

Apart from being an independent non-executive director of the Company, John Peace has no relationship with any directors, senior management or substantial or controlling shareholders of the Company.

As at the date of this announcement, Sunil Mittal does not own any shares in the Company under the meaning of Part XV of the Securities and Futures Ordinance.

Apart from being an independent non-executive director of the Company, Sunil Mittal has no relationship with any directors, senior management or substantial or controlling shareholders of the Company.

Save as the information disclosed above, there is no other information required to be disclosed pursuant to any of the requirements under Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Biographies

John Peace

July 2006 to date: Chairman, Experian Group Limited

June 2002 to date: Chairman, Burberry Group plc

John joined GUS in 1970 and held several senior IT management positions before co-founding CCN in 1980, a company formed by GUS to market information services to retailers and other lending organisations. As one of Europe's largest information services companies, it was combined with a number of other US and European businesses to form Experian in 1996, with John as Chief Executive. He was appointed to the GUS main board the following year and became Chief Executive of GUS in January 2000.

During his six-year tenure, John was responsible for a strategy to maximise shareholder value, which included the demerger of Burberry, a business with a market value of £3.0 billion, and separate flotations of Home Retail Group (encompassing Argos and Homebase) and Experian, a group with sales of more than US$3.1 billion. The market capitalisation of GUS more than trebled over this period and it was one of the best performing stocks in the FTSE100.

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2

Sunil Mittal

Founder, Chairman and Group Chief Executive of Bharti Enterprises, headquartered in New Delhi, India.

Bharti Enterprises is one of the top five companies in India, and is the controlling shareholder of Bharti Airtel Ltd, which has a market capitalisation of more than US$35 billion and employs more than 30,000 people. Bharti Airtel is India's leading private integrated telecom company. It has been at the forefront of the telecom revolution and has transformed the telecom sector with its world-class services built on leading edge technologies.

Other businesses in the group are: manufacturing and marketing of communication and media devices; a life insurance joint venture with AXA; and FieldFresh Foods, engaged in the agri sector.

Sunil founded Bharti in 1976 at the age of 18 after graduating from Punjab University. He holds one of the highest civilian awards in India-Padma Bhushan, and a Doctor of Science (Honoris Causa) degree from the G B Pant University.

As of the date of this announcement, the Board of Directors of the Company comprises:

Chairman:
Mr Evan Mervyn Davies, CBE

Executive Directors:
Mr Peter Alexander Sands; Mr Michael Bernard DeNoma; Mr Richard Henry Meddings; Mr Kaikhushru Shiavax Nargolwala; and

Independent Non-Executive Directors:
Sir CK Chow; Mr James Frederick Trevor Dundas; Ms Valerie Frances Gooding, CBE; Mr Rudolph Harold Peter Markham; Ms Ruth Markland; Mr Paul David Skinner; Mr Oliver Henry James Stocken; and Lord Adair Turner.

Please also refer to the published version of this announcement in South China Morning Post.