Standard Chartered PLC — M&A Activity 2011

Jan 24, 2011

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STANDARD CHARTERED PLC
(渣打集團有限公司)
(Registered in England and Wales number 966425)
(Stock code: 02888)

Standard Chartered PLC - Acquisition of Business

24 January 2011

Standard Chartered to acquire leading auto and personal loans business in Singapore

Standard Chartered PLC announces that Standard Chartered Bank ("Standard Chartered") has signed an agreement to acquire GE Money Pte. Ltd, a specialist in auto and personal loans in Singapore.

The transaction is subject to regulatory approvals and is expected to be completed in the first quarter of 2011.

The gross assets of the underlying business being acquired were SGD2,350 million or USD1,807 million equivalent, as at 31 December 2009.

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For further details please contact:

Investors

Stephen Atkinson
Head of Investor Relations
+44 (0)20 7885 7245
Stephen.Atkinson@sc.com

Ashia Razzaq
Head of Investor Relations, Asia
+852 2820 3958
Ashia.Razzaq@sc.com

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Media

Eva Ang
Head of Corporate Affairs, Singapore
+65 6596 7758
Eva.Ang@sc.com

Note to Editors:

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

Standard Chartered PLC is a leading international bank, listed on the London and Hong Kong stock exchanges. 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.

With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities more than 80,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank's heritage and values are expressed in its brand promise, 'Here for good'.

For more information on Standard Chartered, please visit www.standardchartered.com

GE Money

GE Money in Singapore is a wholly owned subsidiary of GE Capital. GE Money offers a range of consumer financial services in Singapore.

GE Money is committed to operating a responsible and sustainable lending portfolio. With some of the world's most sophisticated risk management expertise and analytics. GE Money takes pride in its commitment towards responsible lending by offering customers highly competitive products.

GE Money, the consumer finance unit of General Electric, is a global provider of banking and financial services to consumers, retailers and business partners.

For more information on GE Money, please visit www.gemoney.com.sg

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

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Chairman:
Mr John Wilfred Peace

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

Independent Non-Executive Directors:
Mr Richard Delbridge; Mr James Frederick Trevor Dundas; Ms Valerie Frances Gooding, CBE; Dr Han Seung-soo, KBE; Mr Simon Jonathan Lowth; Mr Rudolph Harold Peter Markham (Senior Independent Director); Ms Ruth Markland; Mr John Gregor Hugh Paynter; Mr Paul David Skinner and Mr Oliver Henry James Stocken.