Acquisition of Company

Standard Chartered PLC
12 September 2007

Standard Chartered to acquire Pembroke Group Limited



Standard Chartered has entered into an agreement to acquire Pembroke Group
Limited ('Pembroke'), a well-established aircraft leasing, financing and
management firm, from Medulla Asset Managers Limited. The acquisition is subject
to certain regulatory consents and is expected to be completed in the final
quarter of 2007.



Pembroke, based in Dublin, will provide an excellent platform for Standard
Chartered to provide enhanced financing solutions and meet the growing demand
for aircraft leasing in its markets across Asia, Africa and the Middle East.



Mike Rees, CEO Wholesale Banking, Standard Chartered, said: 'We see many
opportunities across our markets in the aviation sector, underpinned by strong
air passenger growth and a continuing structural shift towards lease financing.
We are now in a position to seize these opportunities, combining Pembroke's
knowledge and experience with Standard Chartered's global franchise.'



V. Shankar, Group Head of Client Relationships, Standard Chartered, added: 'This
is an exciting enhancement of our product capabilities and will serve the
growing and complex demands of our airline clients, driving the growth in our
transportation finance business.'



Pembroke CEO, Garry Burke, commented: 'We are delighted to become part of
Standard Chartered.  We look forward to leveraging Standard Chartered's strong
relationships across some of the world's fastest growing aviation markets to
drive the growth of Pembroke's business.'



As at 31 December 2006, the gross assets of Pembroke were approximately USD427
million.




For further details please contact:


Standard Chartered



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



Tim Baxter, Head of External Communications
Tel: [phone]
[e-mail]






Notes to Editors



Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered PLC is listed on both the London Stock Exchange and the Hong
Kong Stock Exchange and is consistently ranked in the top 25 among FTSE-100
companies by market capitalisation.

Standard Chartered has a history of over 150 years in banking and operates in
many of the world's fastest-growing markets with an extensive global network of
over 1,400 branches (including subsidiaries, associates and joint ventures) in
over 50 countries in the Asia Pacific Region, South Asia, the Middle East,
Africa, the United Kingdom and the Americas.

As one of the world's most international banks, Standard Chartered employs over
60,000 people, representing over 100 nationalities, worldwide. This diversity
lies at the heart of the Bank's values and supports the Bank's growth as the
world increasingly becomes one market.

With strong organic growth supported by strategic alliances and acquisitions and
driven by its strengths in the balance and diversity of its business, products,
geography and people, Standard Chartered is well positioned in the emerging
trade corridors of Asia, Africa and the Middle East.

Standard Chartered derives over 90 per cent of profits from Asia, Africa and the
Middle East. Serving both Consumer and Wholesale Banking customers worldwide,
the Bank combines deep local knowledge with global capability to offer a wide
range of innovative products and services as well as award-winning solutions.

Trusted across its network for its standard of governance and corporate
responsibility, Standard Chartered takes a long term view of the consequences of
its actions to ensure that the Bank builds a sustainable business through social
inclusion, environmental protection and good governance.

Standard Chartered is also committed to all its stakeholders by living its
values in its approach towards managing its people, exceeding expectations of
its customers, making a difference in communities and working with regulators.

For more information on Standard Chartered, please log on to
www.standardchartered.com

Pembroke Group Limited

Pembroke, founded in 1993, provides aircraft leasing, financing, management and
advisory services to the Aviation industry. Pembroke has a diverse portfolio of
79 owned and managed aircraft. Pembroke currently leases to 28 operators in 18
countries across 5 continents.

For more information on Pembroke, please log on to: www.pembroke-group.com

-- ENDS --


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