Finance Director Appointment

Standard Chartered PLC
30 April 2002

TO CITY EDITORS     30th April 2002

FOR IMMEDIATE RELEASE

STANDARD CHARTERED APPOINTS NEW FINANCE DIRECTOR

The Board of Directors of Standard Chartered PLC announced today that

Mr Nigel Kenny is to step down as Finance Director of the Group.

Mr Kenny is to leave the Group to pursue other interests. He has worked with
Standard Chartered for 10 years, the last two as Finance Director. Before that
he held a number of positions, which included heading the Group's Audit,
Strategy and Custody functions.

'Nigel has made an excellent contribution to the Bank and we wish him well in
the future,' said Group Chief Executive Mervyn Davies.

Mr Peter Sands will be appointed as Finance Director with effect from May 14,
2002. He will be responsible for Group Finance and also for Strategy.

Mr Sands joins Standard Chartered from worldwide consultancy McKinsey & Co,
where he is a Director.

Mr Sands has been with McKinsey since 1988, where he has worked extensively in
the banking and technology sectors in a wide range of international markets. He
was elected a partner of McKinsey in 1996 and became Director in 2000.

Prior to joining McKinsey, Mr Sands worked for the United Kingdom's Foreign and
Commonwealth Office.

Mervyn Davies said: 'I am very pleased that Peter has agreed to join us. His
broad experience will be a tremendous asset to the Bank. This is an important
step in the strengthening of our management team.'

Mr Sands said: 'I am delighted to be joining Standard Chartered. It is a
world-class bank with a powerful franchise in Asia, Africa and the Middle East.
I am looking forward to playing my part in delivering on the Bank's agenda to
generate significantly better returns and sustained growth. I am also pleased
that I will be working with a very strong team in the finance department.'

Mr Sands, who is married with four children, grew up in Asia. He graduated from
Oxford University and holds a Masters in Public Administration from Harvard
University, where he was a Harkness Fellow. His wife is the author Betsy Tobin.


                                    - Ends -

For further information please contact:

Steve Seagrove     Group Head of Corporate Affairs     [phone]

Paul Marriage      Head of Media Relations             [phone]

                           www.standardchartered.com

Photographs of Mr Sands are available at www.newscast.co.uk.

Note to Editors:

Standard Chartered - the world's leading emerging markets bank

Standard Chartered is the world's leading emerging markets bank. It employs
30,000 people in over 500 offices in more than 50 countries in the Asia Pacific
Region, South Asia, the Middle East, Africa, United Kingdom and the Americas.


The Bank serves both Consumer and Wholesale banking customers. Consumer Banking
provides credit cards, personal loans, mortgages, deposit taking and wealth
management services to individuals and small/medium sized businesses. The
Wholesale Bank provides services to multinational, regional and domestic
corporate and institutional clients in trade finance, cash management, custody,
lending, foreign exchange, interest rate management and debt capital markets.


With nearly 150 years in the emerging markets the Bank has unmatched knowledge
and understanding of its customers in its markets.


Standard Chartered recognises its responsibilities to its staff and to the
communities in which it operates.


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