Board Changes

Standard Chartered PLC
6 June 2001

Board Changes

Standard Chartered PLC announces that Christopher Castleman will retire from
the Board as a Group Executive Director with effect from 30 June 2001. Over
the last ten years he has made an outstanding contribution to the Bank.

As a result of Mr Castleman's retirement the following changes will take
effect from 15 June 2001.

Rana Talwar, Group Chief Executive, will assume direct responsibility for
Africa, the Middle East and South Asia. In addition to their existing
responsibilities, Group Executive Directors Kai Nargolwala and Nigel Kenny
will assume responsibility for India and Group Strategic Projects
respectively.

                                    -Ends-

                   For further information please contact:

Tim Halford     Director, Corporate Affairs               44 (0)20 7280 7159