Directors' Dealings

STANDARD CHARTERED PLC

                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

          STANDARD CHARTERED PLC

2)   NAME OF DIRECTOR

          EM DAVIES

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or 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 AN OPTION, TO THE DIRECTOR NAMED IN 2)
          ABOVE, UNDER THE COMPANY'S INTERNATIONAL SHARESAVE SCHEME

7)   Number of shares/amount of
     stock acquired

N/A

8)   ( N/A %)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

N/A

12)  Price per share

N/A

13)  Date of transaction

          6 OCTOBER 1999

14)  Date company informed

          6 OCTOBER 1999

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

          6 OCTOBER 1999

18)  Period during which or date on which exercisable

          THE OPTION MATURES ON 1 NOVEMBER 2002 AND IS EXERCISABLE AS PER 
          THE RULES OF THE SCHEME

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

N/A

20)  Description of shares or debentures involved:
     class, number.

          1,376 ORDINARY SHARES OF 25P EACH

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

          704P

22)  Total number of shares or debentures over which
     options held following this notification

          271,856 ORDINARY SHARES OF 25P EACH

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries

          TERRY SKIPPEN   0171 280 7109

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

     Date of Notification.....7 OCTOBER 1999.............