Results of Placing

Standard Chartered PLC
10 January 2005


STANDARD CHARTERED PLC

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN



Standard Chartered PLC ('Standard Chartered')

Results of the Placing of New Ordinary Shares ('Placing Shares') by Standard
Chartered

Placing Price set at 920 pence per Placing Share

10 January 2005


Further to the announcement made earlier today regarding the placing of Placing
Shares in Standard Chartered to finance in part the acquisition of Korea First
Bank (the 'Announcement'), the Placing Price has now been determined following
the completion of the Bookbuilding Process.


Standard Chartered confirms that 117,902,943 Placing Shares have been placed at
920 pence per Placing Share. Based on this price the gross proceeds receivable
by Standard Chartered are GBP1,085 million. The Placing Shares being issued
represent approximately 9.99 per cent of Standard Chartered's issued ordinary
share capital prior to the Placing.


Application has been made for, and the placing is conditional on, admission of
the Placing Shares to listing on the Official List of the UK Listing Authority
and to being admitted to trading on the London Stock Exchange plc's market for
listed securities. Application has been made to the Stock Exchange of Hong Kong
Limited for the listing of, and permission to deal in, the Placing Shares on the
Hong Kong Stock Exchange. It is expected that UK Admission will become effective
and dealings will commence in the Placing Shares on the London Stock Exchange at
8.00am on 14 January 2005.


For further information, please contact:

Paul Marriage                             Romy Murray
Head of Media Relations                   Head of Investor Relations
+ 44 (0)20 7280 7163                      + 44 (0)20 7280 7245
[e-mail]    [e-mail]

Lavina Chan                               Betty Ku
Senior Corporate Affairs Manager          Head of Investor Relations
HK, China and NE Asia                     Asia Pacific
+ 852 2820 3075                           + 852 2821 1310
[e-mail]      [e-mail]


Defined terms in this announcement have, unless the context otherwise requires,
the same meaning given to them in the Announcement.




This announcement has been issued by and is the sole responsibility of Standard
Chartered.


UBS Limited is acting as financial adviser to Standard Chartered in connection
with the acquisition. Standard Chartered has also received financial advice from
Cazenove & Co. Ltd. Cazenove & Co. Ltd and UBS Limited are acting as joint lead
managers and joint brokers to the Placing.Cazenove & Co. Ltd and UBS Limited are
each acting exclusively for Standard Chartered in connection with the proposed
acquisition and the Placing and no one else and will not be responsible to
anyone other than Standard Chartered for providing the protections afforded to
their respective clients, or for giving advice in relation to the acquisition,
the Placing or any other matters referred to in this press announcement.


This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities or investment
advice in any jurisdiction. This announcement does not constitute an offer to
sell or issue or the solicitation of an offer to buy or acquire any securities
in the capital of Standard Chartered in the United States, Canada, Australia or
Japan or any jurisdiction in which such an offer or solicitation is unlawful and
should not be relied upon in connection with any decision to acquire the Placing
Shares or any other securities in the capital of Standard Chartered. The Placing
Shares have not been and will not be registered under the US Securities Act of
1933 (the 'Securities Act') or under the securities laws of any state of the
United States and may not be offered or sold within the United States unless
they are registered with the US Securities and Exchange Commission or an
exemption from registration is available. No public offering of the Placing
Shares will be made in the United States.



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