Standard Chartered Announces Directorate Change

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As part of the previously announced multi-year Board succession programme, the Board of Directors of Standard Chartered announces that Ms Val Gooding and Richard Delbridge will be stepping down from the Board with effect from 1 May 2013.

These changes follow the recent appointment of four new independent Non-Executive Directors to the Board. As announced in September 2012, Dr Lars Thunell and Mrs Margaret Ewing joined the Board on 1 November 2012, and Om Bhatt and Dr Louis Cheung joined the Board on 1 January 2013.

Gooding and Delbridge have been independent Non-Executive Directors of the Company since 2005 and 2010 respectively. The Company confirms that there are no additional matters that need to be brought to the attention of shareholders in respect of the stepping down of these two Directors.

Sir John Peace, Chairman of the Board, said: 'Val and Richard have been excellent Non-Executive Directors and a privilege to work with over the years. I would like to take this opportunity to thank them both for their outstanding contribution to the Company'.

Further information regarding the ongoing Board succession programme will be provided ahead of the 2013 Annual General Meeting.

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