Transfer of Branch Business

Standard Chartered PLC
15 July 2005


Standard Chartered PLC

15 July 2005


Standard Chartered Nakornthon Bank pcl ('SCNB') has made certain disclosures to
the Stock Exchange of Thailand on 15 July 2005 in relation to the proposed
transfer by Standard Chartered Bank ('SCB') of SCB's Bangkok Branch to SCNB.

In accordance with the Bank of Thailand's Financial Sector Master Plan, SCB and
SCNB recently announced proposals to consolidate Standard Chartered's deposit
taking entities in Thailand into a single presence. The proposals were agreed by
the Ministry of Finance in Thailand in April 2005. Subject to receiving
associated regulatory and shareholder approvals, SCNB (which is currently 99.98%
owned by SCB), intends to complete the acquisition of the business of SCB
Bangkok Branch for a consideration of THB6,145,808,196 on 1 October 2005.


For further information please contact:

Romy Murray, Head of Investor Relations

[phone]

Cindy Tang, Head of Media Relations

[phone]

Betty Ku, Head of Corporate Affairs, Hong Kong

[phone]


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