Director Shareholding

Standard Chartered PLC
05 March 2004


                                              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:

        i) THE STANDARD CHARTERED 2000 EXECUTIVE SHARE OPTION SCHEME

        ii) THE STANDARD CHARTERED 2001 PERFORMANCE SHARE PLAN

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:
        4 MARCH 2004

18)     Period during which or date on which exercisable:
        THE OPTIONS GRANTED UNDER BOTH THE EXECUTIVE SHARE OPTION SCHEME AND THE PERFORMANCE SHARE
        PLAN ARE EXERCISABLE 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) 138,963 ORDINARY SHARES OF USD0.50 EACH

        ii) 69,481 ORDINARY SHARES OF USD0.50 EACH

21)     Exercise price (if fixed at time of grant) or indication that price is to be fixed at time
        of exercise:
        i) 935.5p

        ii) NIL

22)     Total number of shares or debentures over which options held following this notification:
        1,627,164

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:             5 MARCH 2004




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