Standard Chartered PLC — Board/Management Information 2013

Nov 29, 2013

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STANDARD CHARTERED PLC

渣打集團有限公司

(Incorporated as a public limited company in England and Wales with registered number 966425)

(Stock Code: 02888)

Standard Chartered PLC announces Board changes

The Board of Directors (the "Board") of Standard Chartered PLC (the "Company") today announces the following changes to the Board.

Naguib Kheraj (aged 49) is appointed as an independent Non-Executive Director and a member of the Audit Committee and Board Risk Committee from 1 January 2014. Naguib brings extensive international banking, finance and business leadership experience to the Board. Naguib's former roles include Vice Chairman and Group Finance Director of Barclays and Chief Executive Officer of JPMorgan Cazenove. He is currently a Senior Advisor to the Aga Khan Development Network and serves on a number of non-profit entity boards within the Aga Khan Development Network. Naguib is also a member of the Investment Committee of the Wellcome Trust.

Naguib's appointment has received the necessary regulatory approval.

This appointment is part of the Board's multi-year succession planning exercise to enhance the experience, depth and diversity of the Board, as outlined in our 2011 and 2012 Annual Reports. As previously announced, Rudy Markham will be stepping down from the Board as an independent Non-Executive Director prior to the Company's 2014 Annual General Meeting. In addition, Jamie Dundas and Oliver Stocken have confirmed that they will step down as independent Non-Executive Directors during the course of 2014. A further announcement will be made in due course confirming the resignation dates of these independent Non-Executive Directors.

Margaret Ewing, an independent Non-Executive Director, has resigned from the Board with effect from 31 January 2014, for health reasons. Mrs Ewing was appointed to the Board on 1 November 2012 and is a member of both the Audit Committee and Board Remuneration Committee. Margaret has advised that she will also be stepping down from all her other business interests.

There are no matters relating to the resignation of Margaret Ewing that need to be brought to the attention of the shareholders of the Company.

Sir John Peace, Chairman of the Board, said: "I am delighted to welcome Naguib to the Board. He brings significant banking and finance experience to the Board and complements our existing group of Directors. I would also like to thank Margaret for the contribution and commitment she has made to the Board. My Board colleagues and I wish her well for the future."

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The Company further announces that Peter Sands, Group Chief Executive, will assume responsibility for the Company's Risk function from Richard Meddings, Group Finance Director with effect from 1 January 2014.

By Order of the Board
Annemarie Durbin
Group Company Secretary

Hong Kong, 29 November 2013

The key terms and relevant information of the appointment are set out below and are disclosed in accordance with the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules").

Naguib Kheraj will receive a fee of £100,000 per annum for appointment as Non-Executive Director to the Board, with additional fees of £30,000 payable for appointment to the Audit Committee and £30,000 for appointment to the Board Risk Committee. Non-Executive Directors do not have service contracts. All Directors are subject to annual re-election by the Company's shareholders.

Naguib Kheraj does not have any interest in shares in the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Naguib Kheraj has no relationship with any directors, senior management or substantial shareholder of the Company.

Save as disclosed above, there is no other information to be disclosed pursuant to any of the requirements under Rule 13.51(2) of the Hong Kong Listing Rules.

As at the date of this announcement, the Board of Directors of Standard Chartered PLC comprises:

Chairman:
Sir John Wilfred Peace

Executive Directors:
Mr Peter Alexander Sands; Mr Stefano Paolo Bertamini; Mr Jaspal Singh Bindra; Mr Richard Henry Meddings; Mr Alun Michael Guest Rees and Mr Viswanathan Shankar

Independent Non-Executive Directors:
Mr Om Prakash Bhatt; Dr Kurt Michael Campbell; Dr Louis Chi-Yan Cheung; Mr James Frederick Trevor Dundas; Mrs Margaret Ewing; Dr Han Seung-soo, KBE; Mrs Christine Mary Hodgson; Mr Simon Jonathan Lowth; Mr Rudolph Harold Peter Markham; Ms Ruth Markland (Senior Independent Director); Mr John Gregor Hugh Paynter; Mr Paul David Skinner; Mr Oliver Henry James Stocken, CBE and Dr Lars Henrik Thunell

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For further information please contact:

James Hopkinson, Head of Investor Relations
Tel: +44 20 7885 7151
James.Hopkinson@sc.com

Sarah Lindgreen, Deputy Head of Media Relations
Tel: +44 20 7885 8764
Sarah.Lindgreen@sc.com

Notes to Editors

Standard Chartered – leading the way in Asia, Africa and the Middle East

Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.

With 1,700 offices in 70 markets, the Group offers exciting and challenging international career opportunities to over 88,000 staff. It is committed to building a sustainable business over the long term and upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered's heritage and values are expressed in its brand promise, 'Here for good'.

For further information please visit www.standardchartered.com. Follow Standard Chartered on www.facebook.com/standardchartered and on Twitter @StanChart.

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