Conversion of Securities

Standard Chartered PLC
15 December 2000


Standard Chartered PLC

Revised timetable for the Conversion of ordinary shares.

At the Company's AGM in May this 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. At that time the Company issued an expected timetable of events.
These dates have changed and an amended timetable is shown below:

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 

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

Share certificates for the existing ordinary shares are    5.30pm 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no longer valid                                             2001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 dealing in the new ordinary shares on the     19 January 2001
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.