NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (A) IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES" OR THE "U.S.") OR TO ANY "U.S. PERSON" AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OTHER THAN A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITES ACT ("RULE 144A") OR (B) IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

Standard Chartered PLC
2 February 2022

STANDARD CHARTERED PLC
(a public limited company incorporated in England and Wales)
(the "Issuer")

(together, the "AT1 Securities")

Announcement of determination

The Issuer hereby announces that it has today notified the holders of the AT1 Securities that in order to preserve the capital treatment of such AT1 Securities as additional Tier 1 capital of the Group, it has determined that the Preference Shares shall rank senior to the AT1 Securities. This is as a result of the reclassification of the outstanding Preference Shares as Tier 2 capital of the Group following the end of the CRR grandfathering period.

For further information, please contact:

Daniel Banks
Managing Director, Global Head, Debt Investor Relations
1 Basinghall Avenue
London
EC2V 5DD
020 7885 6329

Julie Gibson
Head of Group Media Relations
1 Basinghall Avenue
London
EC2V 5DD
020 7885 2434

Standard Chartered PLC LEI: U4LOSYZ7YG4W3S5F2G91 

END