Whistlejacket Capital Limited

Standard Chartered PLC
20 February 2008

Standard Chartered PLC - Whistlejacket Capital Limited

20 February 2008

Further to our announcement made on 11 February 2008, Standard Chartered has
withdrawn the conditional proposals made to the receiver of Whistlejacket
Capital Ltd ('Whistlejacket'). This is as a result of a number of factors,
including the pace of continuing deterioration in the market for certain asset
classes and the impracticality of completing any proposal within the confines of
the receivership as it has evolved.

Standard Chartered is disappointed that it has been unable to find a viable
solution to ensure flexibility for Whistlejacket due to these changes in
circumstances.

For further details please contact:


Standard Chartered

Stephen Atkinson, Head of Investor Relations
Tel: [phone]
[e-mail]


Tim Baxter, Head of External Communications
Tel: [phone]
[e-mail]



Note to Editors:



Standard Chartered - leading the way in Asia, Africa and the Middle East


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

ENDS


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