STANDARD CHARTERED PLC

LEI: U4LOSYZ7YG4W3S5F2G91

23 March 2017

WAIVER IN RESPECT OF SPECIFIC MANDATE TO ISSUE EQUITY CONVERTIBLE ADDITIONAL TIER 1 SECURITIES

On 17 February 2017, The Stock Exchange of Hong Kong Limited granted a waiver to Standard Chartered PLC (the "Company") from compliance with Rule 13.36(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Waiver"). 

The Waiver allows the directors to seek a specific mandate from the shareholders at the Company's 2017 annual general meeting to be held on 3 May 2017 ("AGM") in relation to issuing Equity Convertible Additional Tier 1 Securities, subject to the limits set out in the Company's Notice of AGM. If the specific mandate is approved by shareholders, the waiver would continue in force until:

(i) the end of next year's annual general meeting (or, if  earlier, at the close of business on 2 August 2018) at which time it will lapse unless the specific mandate is renewed, either unconditionally or subject to conditions; or

(ii) revoked or varied by ordinary resolution of the shareholders in a general meeting.

To view the full announcement click here:

http://www.rns-pdf.londonstockexchange.com/rns/3066A_-2017-3-23.pdf

Contact name for Enquiries 

Lee Davis, Assistant Group Secretary

020 7885 7456