Standard Chartered PLC
8 October 2008
Standard Chartered welcomes UK Government announcement
Standard Chartered welcomes and is very supportive of this decisive action to stabilise the UK banking system as a whole. It is a cogent response by the UK government on multiple levels.
Standard Chartered has been invited to be a participant in the scheme along with all other UK banks.
Standard Chartered is well capitalised and is highly liquid, and will participate in the scheme to the extent that it is in the commercial interests of our shareholders.
Standard Chartered does not intend issuing capital under the recapitalisation scheme.
For further details please contact:
Stephen Atkinson, Head of Investor Relations
Tel: +44 (0) 20 7280 7245
Arijit De, Head of Media Relations
Tel: +44 (0) 20 7280 7163
Ashia Razzaq, Investor Relations, Asia
Tel: +852 28203958
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 for its customers across its markets. The Bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, generated from its Wholesale and Consumer Banking businesses. The Group has around 1,750 branches and outlets located in over 70 countries. The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities.
Leading by example to be the right partner for its stakeholders, 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. It employs 75,000 people, nearly half of whom are women. The Group's employees are of 115 nationalities, of which 60 are represented among senior management.
For more information, please visit: www.standardchartered.com
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