Disposal of Business

Standard Chartered PLC
26 January 2007



      STANDARD CHARTERED PLC DISPOSAL OF INDIAN ASSET MANAGEMENT BUSINESS


FOR IMMEDIATE RELEASE


Standard Chartered PLC ('Standard Chartered') announces that its subsidiary
company, Standard Chartered Bank, has today disposed of its entire stake in
Standard Chartered Trustee Company Private Limited and Standard Chartered Asset
Management Company Private Limited to Swiss Finance Corporation (Mauritius)
Limited, a subsidiary of UBS AG for a total cash consideration of approximately
USD120 million.


Standard Chartered Asset Management Company Private Limited and Standard
Chartered Trustee Company Private Limited are respectively the Investment
Manager and the Trustee of Standard Chartered Mutual Fund, a trust set up under
the provisions of the Indian Trusts Act, 1882. Together the companies to be sold
represent the mutual fund manufacturing business of Standard Chartered in India.
The transaction does not include Standard Chartered's mutual fund distribution
business which Standard Chartered will continue to pursue. Assets under
management, which include debt and equity funds, stood at USD3.1 billion as at
25 January 2007.


This transaction is conditional upon certain regulatory approvals, and is
expected to complete in the second half of 2007.


India is one of Standard Chartered's key markets and the Bank will continue to
invest in and grow its core business there.


For further information, contact:


Stephen Atkinson, Head of Investor Relations
Tel: [phone]
[e-mail]



Ruth Naderer, Head of Investor Relations, Asia Pacific
Tel : [phone]
[e-mail]


Sean Farrell, Head of Media Relations
Tel: [phone]
[e-mail]


                      This information is provided by RNS
            The company news service from the London Stock Exchange