09:39     STANCHART<02888> - Announcement & Resumption of Trading (17)        

    any arrangements subsequently to transfer the Placing Shares,             
    may give rise to UK stamp duty and/or stamp duty reserve tax,             
    for which neither the Company nor either of the Managers will             
    be responsible and the Placee to whom (or on behalf of whom,              
    or in respect of the person for whom it is participating in the           
    Placing as an agent or nominee) the allocation, allotment, issue          
    or delivery of Placing Shares has given rise to such UK stamp             
    duty or stamp duty reserve tax undertakes to pay such UK stamp            
    duty or stamp duty reserve tax forthwith and to indemnify on              
    an after-tax basis and to hold harmless the Company and the               
    Managers in the event that any of the Company and/or the Managers         
    has incurred any such liability to UK stamp duty or stamp duty            
    reserve tax.                                                              
                                                                              
    Stamp, registration, documentary, transfer and similar taxes              
    or duties payable outside the UK will be the responsibility of            
    the relevant Placee and the Placee, or the Placee's nominee,              
    in respect of whom (or in respect of the person for whom it is            
    participating in the Placing as an agent or nominee) the                  
    allocation, allotment, issue or delivery of Placing Shares has            
    given rise to such non-UK stamp, registration, documentary,               
    transfer or similar taxes or duties undertakes to pay such taxes          
    and duties forthwith and to indemnify on an after-tax basis and           
    to hold harmless the Company and the Managers in the event that           
    any of the Company and/or the Managers has incurred any such              
    liability to such taxes or duties                                         
                                                                              
    This announcement has been issued by Standard Chartered and is            
    the sole responsibility of Standard Chartered.                            
                                                                              
    Cazenove and UBS are acting for Standard Chartered in connection          
    with the Placing and no-one else and will not be responsible              
    to anyone other than Standard Chartered for providing the                 
    protections afforded to their respective clients nor for                  
    providing advice in relation to the Placing or any other matter           
    referred to in this announcement.                                         
                                                                              
    When a Placee or person acting on behalf of the Placee is dealing         
    with either of the Managers, any money held in an account with            
    either Manager on behalf of the Placee and/or any person acting           
    on behalf of the Placee will not be treated as client money               
    (within the meaning of the rules and regulations of the Financial         
    Services Authority made under FSMA) which, therefore, will not            
    require the Managers to segregate such money, as that money will          
    be held by them under a banking relationship and not as a trustee.        
                                                                              
    Past performance is no guide to future performance and persons            
    needing advice should consult an independent financial adviser.           
                                                                              
    All times and dates in this announcement may be subject to                
    amendment. The Managers shall notify the Placees and any person           
    acting on behalf of the Placees of any changes.