Conversion of Ordinary Shares

Standard Chartered PLC
18 January 2001


Conversion of ordinary shares.

At the Company's AGM in May last year, shareholders approved the proposal to
change the nominal value of the Company's ordinary shares from £0.25 each to
US$0.50 each.

Dealings in the new US$0.50 ordinary shares will begin on 19 January 2001.

Court hearing of petition to confirm the capital          17 January 2001
reduction

Last day of dealings in the existing ordinary shares      18 January 2001
on the London Stock Exchange

Court order confirming the capital reduction              18 January 2001
registered by the Registrar of Companies (this is when
the capital reduction becomes effective)                  

Share certificates for the existing ordinary shares are   5.30 pm on 18 January
no longer valid                                                       2001

New share certificates sent to the ordinary               19 January 2001
shareholders who do not hold their shares in CREST

New ordinary shares credited to CREST accounts            19 January 2001
where existing shares are held in CREST

First day of dealings in the new ordinary shares on       19 January 2001
the London Stock Exchange

A copy of this announcement will be placed on the Company's website 
www.standardchartered.com.  Shareholders with enquiries should contact the
shareholder helpline 0870 702 0138.