Standard Chartered PLC — Capital/Financing Update 2012

Mar 15, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

Standard Chartered Bank (Hong Kong) Limited

渣打銀行(香港)有限公司

(incorporated with limited liability in Hong Kong: Number 875305)

US$300,000,000 Floating Rate Step-Up Notes due 2017

(Stock Code: 1516)

Exercise of Option to Redeem Notes

Reference is made to the announcement issued by Standard Chartered Bank (Hong Kong) Limited (the "Company") on 10 April 2007 in relation to the US$300,000,000 Floating Rate Step-Up Notes due 2017 issued by the Company on 12 April 2007 (the "Notes") under the US$15,000,000,000 debt issuance programme of Standard Chartered Bank, the Company and Standard Chartered First Bank Korea Limited.

The Company announces that it proposes to exercise its option to redeem the Notes in whole on 13 April 2012 (the "Redemption Date") in accordance with the Terms and Conditions of the Notes. Relevant regulatory approvals for the redemption of the Notes have been obtained.

In accordance with the Terms and Conditions of the Notes, the Company will, not less than 15 days and not more than 30 days before the Redemption Date, give to holders of the Notes notice that it will exercise its option to redeem the Notes.

The Notes will be redeemed at a redemption price of 100 per cent. of the principal amount, together with any accrued and unpaid interest payable thereon up to but excluding the Redemption Date. Any interest in respect of the Notes shall cease to accrue on and after the Redemption Date.

As at the close of business on 14 March 2012, being the latest practicable date prior to the issue of this announcement, the aggregate principal amount of the Notes outstanding was US$300,000,000.

---

Upon redemption of the Notes in whole, there will be no further outstanding Notes in issue. Accordingly, the Company has made an application to The Stock Exchange of Hong Kong Limited for the Notes to be delisted following redemption on 13 April 2012. Subject to redemption of the Notes having taken place prior to that date, it is proposed that delisting of the Notes will take effect from the close of business on 17 April 2012.

15 MARCH 2012

Wang Wei Min
Company Secretary

As of the date of this announcement, the Directors of the Company are:

Chairperson:
Tsang King Suen Katherine

Executive Directors:
Hung Pi Cheng Benjamin; Saleem Razvi and Tan Siew Boi.

Non-Executive Directors:
Jaspal Singh Bindra; Fong Julian Loong Choon; Kwok Ping Luen Raymond; Ma Xuezheng; Norman Lyle and Chan Wing Kin.

*Independent Non-Executive Directors