Changes to our PLC Board

The Board of Directors (the “Board”) of Standard Chartered PLC (the “Company”) today announces the following changes to the Board.

Naguib Kheraj (aged 49) is appointed as an independent Non-Executive Director and a member of the Audit Committee and Board Risk Committee from 1 January 2014. Naguib brings extensive international banking, finance and business leadership experience to the Board. Naguib’s former roles include Vice Chairman and Group Finance Director of Barclays and Chief Executive Officer of JPMorgan Cazenove. He is currently a Senior Advisor to the Aga Khan Development Network and serves on a number of non-profit entity boards within the Aga Khan Development Network. Naguib is also a member of the Investment Committee of the Wellcome Trust.

There is no other information to be disclosed under the requirements of Listing Rule 9.6.13R in relation to Naguib’s appointment which has received the necessary regulatory approval.

This appointment is part of the Board’s multi-year succession planning exercise to enhance the experience, depth and diversity of the Board, as outlined in our 2011 and 2012 Annual Reports. As previously announced, Rudy Markham will be stepping down from the Board as an independent Non-Executive Director prior to the Company’s 2014 Annual General Meeting. In addition, Jamie Dundas and Oliver Stocken have confirmed that they will step down as independent Non-Executive Directors during the course of 2014. A further announcement will be made in due course confirming the resignation dates of these independent Non-Executive Directors.

Margaret Ewing, an independent Non-Executive Director, has resigned from the Board with effect from 31 January 2014, for health reasons. Mrs Ewing was appointed to the Board on 1 November 2012 and is a member of both the Audit Committee and Board Remuneration Committee. Margaret has advised that she will also be stepping down from all her other business interests.

There are no matters relating to the resignation of Margaret Ewing that need to be brought to the attention of the shareholders of the Company.

Sir John Peace, Chairman of the Board, said: “I am delighted to welcome Naguib to the Board. He brings significant banking and finance experience to the Board and complements our existing group of Directors. I would also like to thank Margaret for the contribution and commitment she has made to the Board.  My Board colleagues and I wish her well for the future.”

In compliance with Listing Rule 9.6.11(3), the Company further announces that Peter Sands, Group Chief Executive, will assume responsibility for the Company’s Risk function from Richard Meddings, Group Finance Director with effect from 1 January 2014.

For further information please contact:

James Hopkinson, Head of Investor Relations
Tel: +44 20 7885 7151
James.Hopkinson@sc.com

Sarah Lindgreen, Deputy Head of Media Relations
Tel: +44 20 7885 8764
Sarah.Lindgreen@sc.com

Note to Editors

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