Standard Chartered Bank is a British bank headquartered in London with operations in

more than fifty countries. It operates a network of over 1,600 branches (including
subsidiaries, associates and joint ventures) and employs almost 60,000 people.

Despite its British base it has few customers in the United Kingdom and 90% of its
profits come from the Asia Pacific Region, South Asia, the Middle East and Africa.
Because the bank's history is entwined with the development of the British Empire its
operations lie predominantly in former British colonies, though over the past two decades
it has expanded into countries that have historically had little British influence. It aims to
provide a safe regulatory bridge between these developing economies.

It now focuses on consumer, corporate and institutional banking, and on the provision of
treasury services – areas in which the Group had particular strength and expertise.

On Tuesday 18th September 2007, Standard Chartered plc agreed to buy American
Express Bank for around $860 million from American Express.[1]

History
The Standard Chartered Group was formed in 1869 through a merger of two banks: The
Standard Bank of South Africa founded in 1863, and the Chartered Bank of India,
Australia and China, founded in 1853.

As its operations came under threat from nationalization programmes in the countries in
which it was present in the 1970s, the bank sought expansion in developed countries,
particularly the USA.

Standard Chartered Bank (HQ) in Singapore.

It also proposed a takeover of The Royal Bank of Scotland Group, which would have
given it a substantial base in its home country, but this was prevented by a counter-bid
from The Hongkong and Shanghai Banking Corporation and then blocked by competition
authorities in 1991. When a hostile takeover bid was made for the Group by Lloyds Bank
in 1986 this was successfully defeated. After this, Standard Chartered entered a period of
change.

The bank made provisions against third world debt exposure and loans to corporations
and entrepreneurs who could not meet their commitments. It then began a series of
divestments as it sought to re-focus itself on emerging markets.

It divested its stake in the Standard Bank of South Africa in 1987 in response to anti-
apartheid pressure and today that bank is one of its major competitors in Africa.

In 2000, Standard Chartered acquired Grindlays Bank from ANZ Bank. The move caused
some overlap in operations, for instance, giving it a second banking license in Qatar and
an additional four branches in Bahrain. It sold both. Local investors bought Grindlays
Bahrain and renamed it Commercial Bank of Bahrain. However, in the UAE Standard
Chartered integrated the Grindlays' branches into its existing operation there.

Grindlays also had branches in areas Standard Chartered didn't want. For instance, rather
than adding the Palestinian territories to the list of places in which it did business,
Standard Chartered chose to close Grindlays’ Nablus and Ramallah branches. It also
closed its branch in East Jerusalem and its representative office in Tel Aviv. In Greece,
Standard Chartered sold Grindlays' Athens and Pireaus branches to Aspis Bank.

The move's main benefits were an increased presence in private banking and a rapid
expansion in India and Pakistan. Standard Chartered retained Grindlays' private banking
operations in London and Luxembourg and the subsidiary in Jersey, all of which it
integrated into its own private bank. This now serves high net worth customers in Hong
Kong, Dubai and Johannesburg under the name Standard Chartered Grindlays Offshore
Financial Services. It did, however, sell the Geneva branch and private banking operation
to Prudential-Bache International.

In India, Standard Chartered integrated most of Grindlays' operations, making Standard

Chartered the largest foreign bank in the country, despite Standard Chartered having cut
some branches and having reduced the staff from 5500 to 3500 people. Among the
branch reductions was the sale in 2002 of Grindlays' branch in Srinagar to Jammu and
Kashmir Bank and its Shimla and Darjeeling branches to ICICI Bank.
In Pakistan Standard Chartered merged in Grindlays' operations, making Standard
Chartered not only the largest foreign bank in the country, but the only one with branches
in all four provinces.

Standard Chartered in Middle-East & South Asia

Afghanistan
Bahrain
Standard Chartered Bank (Bangladesh)
India
Iran
Jordan
Lebanon
Nepal
Oman
Standard Chartered Bank (Pakistan)
Qatar
Sri Lanka
UAE

Recent alliances and strategic acquisitions

On 15th April 2005, the bank acquired Korea First Bank, beating HSBC in the bid. Since
then the bank has rebranded the branches as SC First Bank.

Standard Chartered completed the integration of its Bangkok branch and Standard
Chartered Nakornthon Bank in October, renaming the new entity Standard Chartered
Bank (Thailand). Standard Chartered also formed strategic alliances with Fleming Family
& Partners to expand private wealth management in Asia and the Middle East, and
acquired stakes in ACB Vietnam, Travelex, American Express Bank in Bangladesh and
Bohai Bank in China.

On 9th August 2006 Standard Chartered announced that it had acquired an 81%
shareholding in the Union Bank of Pakistan in a deal ultimately worth $511 million. This
deal represented the first acquisition by a foreign firm of a Pakistani bank and the merged
bank, Standard Chartered Bank (Pakistan), Pakistan's sixth largest bank.

On 22 October, 2006 Standard Chartered announced that it has received tenders for more
than 51 per cent of the issued share capital of Hsinchu International Bank (“Hsinchu”).
On completion of the offer, Standard Chartered will have majority ownership of Hsinchu,
Taiwan’s seventh largest private sector bank by loans and deposits as at 30 June, 2006.

In 2006, Standard Chartered in Bangladesh, announced an alliance with Dutch Bangla

Bank Ltd to share their respective ATM operations.
On 22 August, 2007 Reuters stated that Standard Chartered had bought a 49 percent of an
Indian brokerage firm (UTI Securities) for $36 million in cash from Securities Trading
Corporation of India Ltd., with the option to raise its stake to 75 percent in 2008 and, if
both partners agree, to 100 percent by 2010. UTI Securities offers broking, wealth
management and investment banking services across 60 Indian cities.

On 18th of September 2007 Standard Chartered announced that it will acquire US-based
American Express Bank for about $860 million. The acquisition would double Standard
Chartered's US Dollar clearing business, making it the world's sixth largest US Dollar
clearer. AEB would also provide it with a direct Euro and Yen clearing capability and
would also provide opportunities to cross-sell Standard Chartered's products. The deal
will also give it much-needed additional branch licenses in India and Taiwan.

Position today
Today the bank is a leading player throughout the developing world.

Standard Chartered Bank is one of the three banks issuing banknotes for Hong Kong
(Standard Chartered Bank (Hong Kong) Limited became a note-issuing bank from 1862),
the other two being the Bank of China (Hong Kong) and The Hongkong and Shanghai
Banking Corporation.

The bank supports marathons in many cities, including London (The City Run), Jersey,
Singapore, Dubai, Lahore, Mumbai, Hong Kong and Nairobi.

Business & Strategy

Our business
Listed on both the London Stock Exchange and the Hong Kong Stock Exchange,
Standard Chartered PLC is consistently ranked in the top 25 FTSE 100 companies by
market capitalisation.

By combining our global capabilities with deep local knowledge, we develop innovative
products and services to meet the diverse and ever-changing needs of individual,
corporate and institutional customers in some of the world's most exciting and dynamic
markets.

Personal Banking

Through our global network of over 1,400 branches, we offer personal financial solutions
to meet the needs of more than 14 million customers across Asia, Africa and the Middle
East.
SME Banking

Our SME Banking division offers a wide range of products and services to help small and
medium-sized enterprises manage the demands of a growing business.

Wholesale Banking

Headquartered in Singapore and London, with on-the-ground expertise that spans our
global network, our Wholesale Banking division provides corporate and institutional
clients with innovative solutions in trade finance, cash management, securities services,
foreign exchange and risk management, capital raising, and corporate finance.

Islamic Banking

Standard Chartered Saadiq's dedicated Islamic Banking team provides comprehensive

international banking services and a wide range of Shariah compliant financial products
that are based on Islamic values.

Private Banking

Our Private Bank advisors and investment specialists provide customised solutions to
meet the unique needs and aspirations of high net worth clients.

People
Our people, our values

Standard Chartered employs over 65,000 people in more than 50 countries and territories
worldwide. Our culture is centred on diversity and inclusion - key strengths that fuel our
success.

Our board of directors

Our leaders reflect the diversity that drives Standard Chartered's success and makes us
one of the world's most international banks.

Our global team

As we grow and evolve, our commitment remains the same - to get the best out of the
broadest spectrum of people, making sure that every individual feels valued for the
strengths they bring to Standard Chartered.

As a global team, we represent more than 100 nationalities - our 500 most senior
employees come from over 50 different countries.
Our primary focus is on three strands of diversity - gender, nationality and disability, with
a particular emphasis on visual impairment. Overall, our male to female employee ratio is
roughly 50:50. 16% of our senior managers are women and our aim is to balance this
figure over the next few years.

Type Public
Founded 1852
Headquarters London, England, UK
E. Mervyn Davies CBE, Chairman, Peter
Key people
Sands, Chief Executive
Industry Banking
Products Financial Services
Revenue $11.067 billion (2007)
Operating
$4.035 billion (2007)
income
Net income $2.989 billion (2007)
Employees Over 65,000 (2007)
Leading the Way in Asia, Africa and the
Slogan
Middle East
Website www.standardchartered.com

Commercial Banking

Standard Chartered has been in Pakistan since 1863 and is one of the longest operating
foreign banks. There are 144 branches that offer full banking services in corporate,
institutional and consumer banking and custody services. Adopting a pro-active
approach, we are able to offer a flexible and comprehensive range of financial services, in
particular transaction banking products. We have also invested in our branches to ensure
that our business is supported by high-tech operations using state-of-the-art technology.
We have dedicated Customer Service Centers with solution-oriented cash product
specialists to provide our customers with cost-effective solutions. Electronic delivery
system has been put in place to give our customers maximum control of their
transactions. Pakistan's currency is the Rupee (SWIFT code: PKR).

Standard Chartered fully understands the importance of time, convenience and efficiency
to the success of your business. We make easy the complex financial world for you and
help you maximize every opportunity.

With over 150 years of experience in trade finance and an extensive international branch
network, Standard Chartered is committed to help you succeed in every competitive
environment. To keep pace with your changing needs, we will constantly review our
comprehensive cash, trade and treasury products and services, ensuring that a full range
of flexible and innovative services is always available for you wherever you trade.

Overview
As part of Standard Chartered's global transaction solutions to Corporates and Institutions, we
provide Cash Management, Securities Services and Trade Services through our strong market
networks in Asia, Africa, the Middle East and Latin America. We also provide a bridge to these
markets for clients from the U.S and Europe.

We are committed to providing you with

• Integrated, superior cross-border and local services

• Efficient transaction processing
• Reliable financial information
• Innovative products
• World-class clearing services

thus ensuring a full suite of transactional products for your needs.

Helping You Manage Your Money Better

Standard Chartered Bank enjoys a unique position as the oldest and largest international
bank in Pakistan, with a presence of more than 150 years.

Our objective is to provide you knowledgeable, efficient and reliable financial services.
We are committed to offering superior, differentiated financial solutions to help you
manage your money better.

Corporate Governance
• Board & Management
• Committees
• Controls & code of conduct
• Shareholder communications

Corporate governance is key to our success, from how we structure and run our business,
to the partnerships we work hard to develop with our shareholders.

Corporate governance is key to our success, from how we structure and run our
business, to the partnerships we work hard to develop with our shareholders.
Committees

We have four main committees focused on audit and risk, board nomination, board
remuneration and corporate responsibility and community.

Controls and code of conduct

Controls

Our board has an established framework to manage risk and control our business and
financial activities to deliver maximum profitability.

Standard Chartered's performance against forecast is reviewed regularly by our senior

managers and the board, along with audits of our assets, policies, legal compliance and
the effectiveness of our internal control system.

Code of conduct

Our code of conduct ensures that we do business in a lawful and ethical way, in line with
our five core values - responsive, trustworthy, creative, international and courageous.

We expect every employee to demonstrate these standards of integrity and fair dealing
towards our customers, regulators, the communities in which we operate, and one
another.

Internal Control & Group Code of Conduct

Internal control

The Board of Directors is committed to managing risk and to controlling its business and
financial activities in a manner which enables it to maximise profitable business
opportunities, avoid or reduce risks which can cause loss or reputational damage, ensure
compliance with applicable laws and regulations, and enhance resilience to external
events. To achieve this, the Board has established a process for the identification,
evaluation and management of the risks faced by the Group. It should be recognised that
such a process can only provide reasonable, not absolute, assurance against material
misstatement or loss. This process is reviewed regularly by the Board and meets the
requirements of the guidance entitled 'Internal Control: Guidance for Directors on the
Combined Code' issued by the Institute of Chartered Accountants in England and Wales
in 1999. The system of internal control of the Group is also subject to regulatory
oversight in the United Kingdom and overseas.

The performance of the Group's businesses is reported regularly to senior line

management and the Board. Performance trends and forecasts, as well as actual
performance against budgets and prior periods, are closely monitored. Financial
information is prepared using appropriate accounting policies, which are applied
consistently. Operational procedures and controls have been established to facilitate
complete, accurate and timely processing of transactions and the safeguarding of assets.
These controls include appropriate segregation of duties, the regular reconciliation of
accounts, and the valuation of assets and positions.

The effectiveness of the Group's internal control system is reviewed regularly by the
Board, its committees, Group management and Group Internal Audit. Group Internal
Audit monitors compliance with policies and standards and the effectiveness of internal
control structures across the Group. The work of Group Internal Audit is focused on the
areas of greatest risk as determined by a risk assessment approach. Group Internal Audit
reports regularly to the Audit and Risk Committee, the Chairman and to the Group Chief
Executive. The findings of all adverse audits are reported to the Group Chief Executive
and immediate corrective action is required.

Group code of conduct

The Board has approved a Group Code of Conduct relating to the lawful and ethical
conduct of business. These requirements are linked to the Group's five core values:
Responsive, Trustworthy, Creative, International and Courageous. The Group Code of
Conduct has been communicated to all employees. All employees are expected to
observe high standards of integrity and fair dealing in relation to customers, staff and
regulators in the communities in which the Group operates.

Shareholder Resource Centre

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• Financial results
• Share prices

Dividends

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cash and share dividends.

Dividend details
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