Directorate Change

Standard Chartered PLC
27 November 2002

                    Standard Chartered Appoints New Chairman

The Board of Directors of Standard Chartered PLC announces today that Mr Bryan
Sanderson, will succeed Sir Patrick Gillam as Chairman of the Group.

Mr Sanderson will join the Board of Standard Chartered as a Non Executive
Director with effect from December 9. He will take over as Chairman on Sir
Patrick's retirement in May 2003.

Mr Sanderson, 62, has spent most of his career with BP, which he joined in 1964.
This included a three-year period based in Singapore as BP's Senior
Representative for South East Asia and China. In 1990, he was appointed Chief
Executive of BP Chemicals. From 1992-2000 he was a Board Member of British
Petroleum Co PLC with responsibilities including the Asia Pacific region and BP
Chemicals.

Mr Sanderson retired from BP in 2000 and became Chairman of the Learning and
Skills Council, in August of that year, focusing on post 16 year-old education
and training. He is also non-executive Chairman at BUPA, non-executive Director
at Six Continents PLC, Vice Chairman of the Court of Governors at London School
of Economics and Chairman of Sunderland plc.

Sir Patrick Gillam, Chairman of Standard Chartered said: 'I am extremely pleased
that Bryan has agreed to take over as Chairman, when I retire next year. Having
spent nine years as Chairman, I believe the role requires a detailed knowledge
and practical understanding of international affairs. Bryan's career experience
with BP is a tremendous fit with a Bank that has more than two-thirds of its
revenues in Asia.

'Bryan will work with our Group Chief Executive, Mervyn Davies, and the Board to
ensure that Standard Chartered continues to build on its position as a highly
successful international bank.'

Bryan Sanderson commented: 'I am delighted to be taking up the position of
Chairman at Standard Chartered. Sir Patrick and the Board have transformed the
bank in recent years. I look forward to working with Mervyn Davies and the team
to continue to take the Company forward with a focus on strong performance.'

Mr Sanderson is married with two children and grew up in County Durham. He
studied Economics at the London School of Economics and went on to study
Business Studies at IMEDE Lausanne.

For further information please contact:

Paul Marriage     Head of Media Relations     [phone]

Ben Hung Head of Investor Relations [phone]

                           www.standardchartered.com





Note to Editors:


            Standard Chartered - the world's leading emerging markets bank

Standard Chartered is the world's leading emerging markets bank. It employs
28,000 people in over 500 offices in more than 50 countries in the Asia Pacific
Region, South Asia, the Middle East, Africa, United Kingdom and the Americas.


The Bank serves both Consumer and Wholesale banking customers. Consumer Banking
provides credit cards, personal loans, mortgages, deposit taking and wealth
management services to individuals and small/medium sized businesses. The
Wholesale Bank provides services to multinational, regional and domestic
corporate and institutional clients in trade finance, cash management, custody,
lending, foreign exchange, interest rate management and debt capital markets.

With nearly 150 years in the emerging markets the Bank has unmatched knowledge
and understanding of its customers in its markets. Standard Chartered recognises
its responsibilities to its staff and to the communities in which it operates.

                                    - ENDS -




                      This information is provided by RNS
            The company news service from the London Stock Exchange