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Standard Chartered PLC Capital/Financing Update 2008

Nov 14, 2008

4648_rns_2008-11-14_ec5a2d12-c805-45f9-ba5b-451822743156.pdf

Capital/Financing Update

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Standard Chartered

STANDARD CHARTERED PLC

(渣打集團有限公司)

(Registered in England and Wales number 966425)

(Stock Code: 02888)

14 November 2008

Announcement of Tender Offer

US$400,000,000 Undated Primary Capital Floating Rate Notes

US$300,000,000 Undated Primary Capital Floating Rate Notes (Series 2)

US$400,000,000 Undated Primary Capital Floating Rate Notes (Series 3)

US$200,000,000 Undated Primary Capital Floating Rate Notes (Series 4)

(together, the "Notes")

ISIN: GB0008387283, XS0010826633, XS0010159159 and XS0010276466

Standard Chartered PLC (the "Company") has today invited holders of the Notes to tender any and all of the Notes for repurchase by the Company for cash (the "Offer").

The Offer is being made upon the terms and subject to the conditions contained in the tender offer memorandum dated 14 November 2008 (the "Tender Offer Memorandum"), copies of which may be obtained free of charge from the Dealer Manager, JPMorgan Cazenove Limited, or the Tender Agent, Deutsche Bank AG, London Branch.

The Offer begins today, 14 November 2008 and will expire at 5.00 p.m. Central European Time on 3 December 2008, unless extended, re-opened or terminated as provided in the Tender Offer Memorandum.

For further information, please contact:

The Dealer Manager
JPMorgan Cazenove Limited
20 Moorgate
London EC2R 6DA

Sebastien Bamsey
Tel: +44 (0) 20 7777 1333
[email protected]

Richard Howard
Tel: +44 (0) 20 7779 2468
[email protected]

The Tender Agent
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
Tel: +44 (0) 20 7547 5000
Email: [email protected]
Attention: Trust and Securities Services


THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY OR A SOLICITATION OF AN OFFER TO SELL NOTES, AND TENDERS OF NOTES IN THE OFFER WILL NOT BE ACCEPTED FROM NOTEHOLDERS IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL.

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

Chairman:
Mr Evan Mervyn Davies, CBE

Executive Directors:
Mr Peter Alexander Sands; Mr Stefano Paolo Bertamini; Mr Gareth Richard Bullock and Mr Richard Henry Meddings;

Independent Non-Executive Directors:
Mr John Wilfred Peace (Deputy Chairman); Mr James Frederick Trevor Dundas; Ms Valerie Frances Gooding, CBE; Mr Rudolph Harold Peter Markham; Ms Ruth Markland; Mr Sunil Bharti Mittal; Mr John Gregor Hugh Paynter; Mr Paul David Skinner and Mr Oliver Henry James Stocken.