Standard Chartered PLC — Share Issue/Capital Change 2008

Nov 26, 2008

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, INDIA, SOUTH AFRICA OR SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

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

Standard Chartered PLC

(渣打集團有限公司)

(Registered in England and Wales number 966425)

(Stock Code: 02888)

RIGHTS ISSUE

Standard Chartered PLC ("Standard Chartered" or the "Company") announced on 24 November 2008 (the "Announcement") a 30 for 91 rights issue (the "Rights Issue") of new ordinary shares (the "New Ordinary Shares") to raise approximately £1,779 million (net of expenses) at an issue price of 390 pence per New Ordinary Share for shareholders on the United Kingdom register of members and HK$45.11 per New Ordinary Share for shareholders on the Hong Kong register of members (the "Issue Price").

In relation to the Rights Issue, the Company is pleased to announce the following additional information:

Publication of prospectus

The following prospectus has been submitted to the UK Listing Authority and will shortly be available for inspection at their Document Viewing Facility at the Financial Services Authority, 25 North Colonnade, Canary Wharf, London, E14 5HS:

Prospectus dated 26 November 2008 relating to a 30 for 91 rights issue of up to 470 million New Ordinary Shares at 390 pence each by Standard Chartered PLC.

To view the full document please paste the following URL into the address bar of your browser.

http://investors.standardchartered.com/

083679/00049 HK083300136 LPR 271108:0033

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The Prospectus is being published today and a copy of the Prospectus and Provisional Allotment Letters will be sent on 1 December 2008 to all Shareholders on the Hong Kong register of members at 4.30 p.m. on 28 November 2008.

Number of New Ordinary Shares available under the Rights Issue

The exercise of a small number of share options/awards in the Company was processed on 21 November 2008, and the related ordinary shares of US$0.50 each in the capital of the Company were then allotted before the UK Record Date of 5.00 p.m. (UK time) on 24 November 2008. Accordingly, the Rights Issue is in respect of 470,014,830 New Ordinary Shares and not 470,006,961 New Ordinary Shares as originally announced.

Latest time and date in Hong Kong for acceptance

In the "Summary expected timetable in Hong Kong" that was included in the Announcement, the "Latest time and date in Hong Kong for acceptance and payment in full and registration of renounced Provisional Allotment Letters" was originally scheduled for 11.00 a.m. on 17 December 2008. This has now been fixed for 4.00 p.m. on 17 December 2008.

New Ordinary Shares not taken up

The Company has made arrangements if an entitlement to New Ordinary Shares is not validly taken up under the Rights Issue for the Joint Bookrunners to use reasonable endeavours to procure acquirers for those shares, provided that a premium over the total of the Issue Price and the expenses of procuring such acquirers can be obtained. Any such premium will be paid to those persons entitled pro rata to the relevant lapsed provisional allotments. If the Joint Bookrunners are not able to procure acquirers for the shares, the shares will be taken up by the Underwriters. Further details in respect of this matter, and the other matters outlined above, are included in the Prospectus.

By order of the Board

Annemarie Durbin

Group Company Secretary

Hong Kong, 26 November 2008

As of the date hereof, the Board of Directors of Standard Chartered 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;

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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.

Terms defined in the Prospectus have the same meanings in this announcement.

This announcement is for information purposes only and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to acquire, Nil Paid Rights, Fully Paid Rights or New Ordinary Shares or to take up any entitlements to Nil Paid Rights in any jurisdiction in which such an offer or solicitation is unlawful.

This announcement is not for release, publication or distribution to persons in the United States, Canada, India, South Africa, or Switzerland and should not be distributed, forwarded to or transmitted in or into any jurisdiction where to do so might constitute a violation of local securities laws or regulations.

This announcement does not constitute an offer for sale of securities of the Company in the United States, Canada, India, South Africa or Switzerland. Such securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration thereunder.

The distribution of this announcement and/or the Prospectus and/or the Provisional Allotment Letters and/or the transfer of Nil Paid Rights, Fully Paid Rights and/or New Ordinary Shares into jurisdictions other than Hong Kong or the United Kingdom may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Your right to access this service is conditional upon complying with the above requirements.

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