Completion of Acquisition

Standard Chartered PLC
06 September 2006



   STANDARD CHARTERED ANNOUNCES THE COMPLETION OF THE ACQUISITION OF A 95.37%
                         INTEREST IN UNION BANK LIMITED


FOR IMMEDIATE RELEASE


Standard Chartered PLC announces that its subsidiary company, Standard Chartered
Bank (Pakistan) Limited, has today completed the acquisition of a 95.37 per cent
interest in Union Bank Limited. The amount paid was US$487 million, in cash.



For further information, please contact:

Stephen Atkinson, Head of Investor Relations
Tel: [phone]
[e-mail]

Matthew Chan, Manager, Media Relations
Tel: [phone]
[e-mail]




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