09:17     STANCHART<02888> - Announcement (1)                                 

    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.                                                             
                                                                              
    This announcement is for information purposes only and is not,            
    and does not constitute, an invitation or offer to acquire,               
    purchase or subscribe for securities.                                     
                                                                              
    Standard Chartered PLC                                                    
    (Registered in England and Wales number 966425)                           
    (Stock code: 2888)                                                        
                                                                              
    RESULTS OF THE PLACING OF NEW ORDINARY SHARES OF                          
    US$0.50 EACH BY STANDARD CHARTERED                                        
                                                                              
    Further to the announcement made yesterday regarding the placing          
    of Placing Shares in Standard Chartered to finance in part the            
    acquisition of Korea First Bank, the Placing Price has now been           
    determined following the completion of the Bookbuilding Process.          
    Standard Chartered confirms that 117,902,943 Placing Shares have          
    been placed at 920 pence  (approximately HK$134.49) per Placing           
    Share.                                                                    
                                                                              
    Further to the announcement made yesterday regarding the placing          
    of Placing Shares in Standard Chartered to finance in part the            
    acquisition of Korea First Bank (the "Announcement"), the                 
    Placing Price has now been determined following the completion            
    of the Bookbuilding Process on 10 January 2005.                           
                                                                              
    Standard Chartered confirms that 117,902,943 Placing Shares have          
    been placed at 920 pence (HK$134.49) per Placing Share. The               
    Placees (comprising more than 6 in number) are professional and           
    institutional investors, independent of and not connected with            
    Standard Chartered and its subsidiaries and their respective              
    associates. Based on this price the gross proceeds receivable             
    by Standard Chartered are GBP1,085 million (US$2,032 million).            
    The net proceeds receivable by Standard Chartered are GBP1,071            
    million (US$2,006 million), a net price per Placing Share of              
    908.5 pence (HK$132.81). The market price of Standard                     
    Chartered's ordinary shares at close of business in London on             
    10 January 2005 was 928.5 pence (HK$135.73). The Placing Shares           
    being issued, having an aggregate nominal amount of                       
    US$58,951,471.50, represent approximately 9.99 per cent of                
    Standard Chartered's issued ordinary share capital prior to the           
    Placing. There has been no equity fund raising exercise by the            
    Company in the 12 months immediately preceding the date of this           
    announcement.                                                             
                                                                              
    Application has been made for, and the placing is conditional             
    on, admission of the Placing Shares to listing on the Official            
    List of the UK Listing Authority and to being admitted to trading         
    on the London Stock Exchange plc's market for listed securities.          
    Application has been made to The Stock Exchange of Hong Kong              
    Limited for the listing of, and permission to deal in, the Placing        
    Shares on the Hong Kong Stock Exchange. It is expected that UK            
    Admission will become effective and dealings will commence in             
    the Placing Shares on the London Stock Exchange at 8.00 am (London        
    time) on 14 January 2005 and that permission to deal in the               
    Placing Shares on the Hong Kong Stock Exchange will become                
    effective at 9.30 am (Hong Kong time) on 17 January 2005.                 
                                                                              
    Defined terms in this announcement have, unless the context               
    otherwise requires, the same meaning given to them in the                 
    Announcement.