Standard Chartered Regulatory News (STAN)

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Standard Chartered PLC 4 January 2023

RESULTS OF CLASS MEETINGS

Wednesday 4 January 2023

On 8 November 2022, Standard Chartered PLC (the "Company") announced its proposal to amend the terms and provisions of each of the 6.409% non-cumulative redeemable preference shares of US$5 each in the share capital of the Company (the "6.409% Preference Shares") and the 7.014% non-cumulative redeemable preference shares of US$5 each in the share capital of the Company (the "7.014% Preference Shares" and, together with the 6.409% Preference Shares, the "Preference Shares") (the "Proposals"), the full terms and conditions of which were contained in the Consent Solicitation Memorandum and Notices of Class Meeting dated 8 November 2022 (the "Consent Solicitation Memorandum"). Unless otherwise defined, capitalised terms used in this notice have the meanings given in the Consent Solicitation Memorandum.

The separate adjourned class meetings of the holders of the 6.409% Preference Shares and of the holders of the 7.014% Preference Shares were both held today (together, the "Class Meetings"). A special resolution on whether to approve the Proposals in respect of the relevant series of Preference Shares was put to each Class Meeting and was voted on by the relevant Preference Shareholders in accordance with the voting instructions validly submitted by Eligible ADS Holders.

Notwithstanding the fact that 67% of the votes cast in respect of the 6.409% Preference Shares and 60% of the votes cast in respect of the 7.014% Preference Shares were in favour of the Proposals, neither resolution was passed at the Class Meetings and accordingly the Proposals are not being implemented pursuant to those resolutions. The Company is considering any appropriate next steps.

For further information, please contact:

THE SOLICITATION AGENTS