Convertible Bonds, etc

Standard Chartered PLC
7 March 2000


                  NOT FOR DISTRIBUTION IN THE UNITED STATES

         Standard Chartered Finance (Jersey) Limited (the 'Issuer')
  E500 million 4.50 per cent. Subordinated Guaranteed Convertible Bonds due
                                    2010
      guaranteed on a subordinated basis by Standard Chartered Bank and
convertible into 4.50 per cent. Exchangeable Redeemable Preference Shares in
                                 the Issuer
          which will be automatically and immediately exchanged for
                  Ordinary Shares in Standard Chartered PLC

Standard  Chartered Finance (Jersey) Limited is pleased to announce that  the
issue  price of the above issue of subordinated guaranteed convertible  bonds
due  2010 (the 'Bonds') has been fixed at 100 per cent. and that the interest
rate has been fixed at 4.50 per cent. payable semi-annually.

The exchange price has been set at 1,018.70 pence, which represents a premium
of 28 per cent. over the volume weighted average price of the Ordinary Shares
of Standard Chartered PLC on 6 March 2000 of 795.86 pence per Ordinary Share.

The  Bonds,  the Preference Shares and the Ordinary Shares to  be  issued  in
exchange  for  the Preference Shares upon conversion of the Bonds,  have  not
been  and  will  not be registered under the US Securities Act  of  1933  (as
amended)  and  include Bonds in bearer form that are subject to  US  tax  law
requirements.  Subject to certain exceptions, Bonds may not be offered,  sold
or delivered within the United States or to US persons.

The  Joint Lead Managers and Joint Bookrunners of the offering are  J.  Henry
Schroder   &  Co.  Limited  ('Schroders')  and  Goldman  Sachs  International
(together the 'Lead Managers').

In   connection   with  this  issue  Schroders  may  over-allot   or   effect
transactions,  which  stabilise or maintain the market  price  of  the  Bonds
and/or  the Ordinary Shares of Standard Chartered PLC at a level which  might
not  otherwise prevail.  Such stabilising, if commenced, may be  discontinued
at any time.

This press release does not constitute an offer of, or an invitation by or on
behalf  of  Standard  Chartered  PLC, Standard  Chartered  Bank  or  Standard
Chartered  Finance (Jersey) Limited, or any of the Lead Managers to subscribe
for or purchase, any of the Bonds.
_____________________________________________________________________________

Press Enquiries:

Standard Chartered PLC
Pamela McGann, Group Head of External Affairs          Tel: [phone]
Tim Halford, Director of Corporate Affairs             Tel: [phone]
Stephen Seagrove, Group Investor Relations Manager     Tel: [phone]

J. Henry Schroder & Co. Limited                        Tel: [phone]
Robin Blunden
Chris Jillings
Matthew Whittell

Goldman Sachs International                            Tel: [phone]
Chris French
Jim Ziperski