Press Release

Release Date: July 12, 2007

For immediate release

The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below.  Terminations of enforcement actions are listed on the Federal Reserve’s public web site, www.federalreserve.gov/boarddocs/enforcement, as they occur.

                        Standard Chartered plc, London, United Kingdom

                        Standard Chartered Bank, London, United Kingdom

                        Standard Chartered New York Branch, New York, New York

                        Written Agreement dated October 7, 2004

                        Terminated July 10, 2007