Preference Shares Redemption

Standard Chartered PLC
09 August 2006


                             Standard Chartered PLC

Redemption of US$1,000,000,000 8.9% Non-Cumulative Dollar Preference Shares (the
             'Preference Shares') issued by Standard Chartered PLC

Standard Chartered PLC has given notice in accordance with its Articles of
Association that on 2 October 2006, it will redeem 328,388 Preference Shares in
accordance with its Articles of Association.  Following such redemption, there
will be no Preference Shares outstanding.

Standard Chartered PLC has applied to the Financial Services Authority, in its
capacity as the United Kingdom Listing Authority, to cancel the listing on the
Official List of the United Kingdom Listing Authority of the Preference Shares,
with effect from (and including) 3 October 2006.

Dated 9 August 2006


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