Disposal of Business

Standard Chartered PLC
28 December 2007

 STANDARD CHARTERED PLC'S CONTRACT WITH UBS FOR THE DISPOSAL OF ITS INDIA FUND
                        MANAGEMENT BUSINESS HAS EXPIRED



28 December 2007



Standard Chartered PLC's contract with UBS for the disposal of its India fund
management business has expired.



Standard Chartered PLC ('Standard Chartered') announces that its subsidiary
company, Standard Chartered Bank, will not proceed with the planned disposal of
its India fund management business to UBS AG ('UBS').



The Sale and Purchase Agreement that was signed with UBS in January 2007 was
conditional upon UBS securing certain regulatory approvals which have not been
granted.



Throughout this year, this business has continued to grow and operate normally.
Standard Chartered will now seek a new buyer by reinitiating the tender process.



For further information, contact:



Stephen Atkinson, Head of Investor Relations

Tel: [phone]

[e-mail]



Tim Baxter, Head of External Communications

Tel: + 44 (0)20 7457 5573

[e-mail]



--- ENDS ---




Notes for Editors



Standard Chartered PLC


Standard Chartered PLC, listed on both the London Stock Exchange and the Hong
Kong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by market
capitalisation. The London-headquartered group has operated for over 150 years
in some of the world's most dynamic markets, leading the way in Asia, Africa and
the Middle East.  Its income and the number of employees have more than doubled
over the last five years primarily as a result of organic growth and
supplemented by acquisitions.



Standard Chartered aspires to be the best international bank in its markets by
being the right partner for its stakeholders and leading by example. The group
now employs over 60,000 people, representing some 100 nationalities, in more
than 1,400 branches located in over 50 countries.  The bank generates more than
90 per cent of its profits from Asia, Africa and the Middle East, with balanced
income derived from both Wholesale and Consumer Banking.



The group is committed to building a sustainable business over the long term and
is trusted worldwide for upholding high standards of corporate governance,
social responsibility, environmental protection and employee diversity. For more
information, please visit: www.standardchartered.com



UBS



UBS is one of the world's leading financial firms, serving a discerning global
client base. As an organization, it combines financial strength with an
international culture that embraces change. As an integrated firm, UBS creates
added value for clients by drawing on the combined resources and expertise of
all its businesses.



UBS is the leading global wealth manager, a top tier investment banking and
securities firm, and one of the largest global asset managers. In Switzerland,
UBS is the market leader in retail and commercial banking.



UBS is present in all major financial centers worldwide. It has offices in 50
countries, with about 39% of its employees working in the Americas, 33% in
Switzerland, 16% in the rest of Europe and 12% in Asia Pacific. UBS's financial
businesses employ more than 80,000 people around the world. Its shares are
listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and
the Tokyo Stock Exchange (TSE).



UBS Global Asset Management is one of the world's leading asset managers,
providing traditional, alternative and real estate investment management
solutions to private clients, financial intermediaries and institutional
investors worldwide. Invested assets totalled some CHF 933 billion at 30th
September 2007, making the firm one of the largest global institutional asset
managers, a leading fund house in Europe and the largest mutual fund manager in
Switzerland3.



UBS Global Asset Management has over 3,500 employees located in 25 countries,
and our main offices are in Basel, Chicago, Frankfurt, Grand Cayman, Hartford,
Hong Kong, London, Luxembourg, New York, Rio de Janeiro, Sydney, Tokyo, Toronto
and Zurich.




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