Director Shareholding

Standard Chartered PLC
06 March 2003


                                                    SCHEDULE 11

                            NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1)       Name of company:
          STANDARD CHARTERED PLC

2)       Name of director:
         MERVYN DAVIES

3)       Please state whether notification indicates that it is in respect of holding of the shareholder named
         in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a
         holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial
         interest:
          IN RESPECT OF THE DIRECTOR NAMED IN 2)

4)       Name of the registered holder(s) and, if more than one holder, the number of shares held by each of
         them (if notified):
         N/A

5)       Please state whether notification relates to a person(s) connected with the Director named in 2 above
         and identify the connected person(s):
          RELATES TO THE DIRECTOR NAMED IN 2)

6)       Please state the nature of the transaction. For PEP transactions please indicate whether general/single
         co PEP and if discretionary/non discretionary:
         GRANT OF OPTIONS TO THE DIRECTOR NAMED IN 2) ABOVE UNDER THE

         (I) THE 2001 PERFORMANCE SHARE PLAN

         (II) THE 2000 EXECUTIVE SHARE OPTION SCHEME

7)       Number of shares/amount of stock acquired:
         N/A

8)       Percentage of issued class:
         N/A

9)       Number of shares/amount of stock disposed:
          N/A

10)      Percentage of issued class:
          N/A

11)      Class of security:
         N/A

12)      Price per share:
          N/A

13)      Date of transaction:
         N/A

14)      Date company informed:
         N/A

15)      Total holding following this notification:
          N/A

16)      Total percentage holding of issued class following this notification
         N/A

         If a director has been granted options by the company please complete the following boxes

17)      Date of grant:
          05 March 2003

18)      Period during which or date on which exercisable:
         THESE OPTIONS ARE EXCERCISABLE DURING THE PERIOD BETWEEN 3 AND 10 YEARS FROM THE DATE OF GRANT, SUBJECT
         TO CERTAIN PERFORMANCE CRITERIA

19)      Total amount paid (if any) for grant of the option:
         NIL

20)      Description of shares or debentures involved: class, number:
          i. 86,893 ORDINARY SHARES OF USD 0.50 EACH
         ii. 347,574 ORDINARY SHARES OF USD 0.50 EACH


21)      Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise:
          I. NIL
         II. 690.5p


22)      Total number of shares or debentures over which options held following this notification:
         1,418,720

23)      Any additional information:
          NONE

24)      Name of contact and telephone number for queries:
          TERRY SKIPPEN

 25)      Name and signature of authorised company official responsible for making this notification:
          TERRY SKIPPEN

         Date of Notification:                 06 MARCH 2003



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