Re Directorate

Standard Chartered PLC
29 November 2001


The Board of Standard Chartered PLC announces that Rana Talwar has resigned as
a Director and Group Chief Executive with immediate effect. 

The Board wishes to thank Rana for his invaluable contribution to the Group. 
He took decisive action to build and strengthen the franchise, and was
responsible for the landmark acquisitions of Grindlays and Chase's consumer
business in Hong Kong.

Rana Talwar said:  'I have relished the challenges of the last three years
transforming the Group.  I remain confident that the Group has the right
strategy and direction and will continue to flourish.  I recognise that now is
an appropriate time to move on.  After working for 33 years in the industry, I
look forward to taking a break before considering other opportunities.  I wish
the Group well.'

Mervyn Davies has been appointed as Group Chief Executive with immediate
effect.  Mervyn joined Standard Chartered in 1993 and joined the Board in
1997.  For the past four years he has been resident in Hong Kong with
responsibility for the Group's largest market.  He is also responsible for
technology and operations.  He will be based in London.


For further information please contact:

Pamela McGann, Group Head External Affairs       [phone]
Tim Halford, Director of Corporate Affairs       [phone]
Stephen Seagrove, Head of Investor Relations     [phone]

www.standardchartered.com

Photographs of the new Chief Executive are available for the media at
www.newscast.co.uk.