Standard Chartered Bank Bahrain Results For The Year Ended 31 December 2007

HIGHLIGHTS

Results

• Revenue up 23% yoy to BD 41.6m
• Pre-tax profit up 5% yoy to BD 24.5m
• Return on Equity 23%

Significant Achievements

• Highest operating income ever achieved since 1999.
• Investing for the future.
• Bahrain remains an important and growing market to Standard Chartered Bank's Middle East region. Income growth in ME region up over 30%
• Innovative products & services - launched Straight2bank, first Titanium credit card in the market

Commenting on these results, Martin Fish, Chief Executive Officer Bahrain said:

"This is an excellent set of results reflective of our position as a leading international bank in the highly competitive Bahrain market. We have maintained good business momentum in 2007 building on our growth story of the past few years. The balance of our business and products has never been better. We have consistently delivered performance across a range of businesses, products and services

Our results show that we are well-placed in Bahrain. We continue to have a significant market share for many of our products and there are good growth prospects in Bahrain as the country prospers."

For further information, please contact:

Nimmi Kamal
Head Corporate Affairs Bahrain, Standard Chartered Bank
Tel: +973 3977 076
E-mail: Nimmi.Kamal@sc.com

Notes to Editors

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered PLC, listed on both the London Stock Exchange and the Hong Kong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and the number of employees have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.

Standard Chartered aspires to be the best international bank in its markets through leading by example to be the right partner for its stakeholders. The group now employs 73,000 people, representing 115 nationalities, in more than 1,700 branches and outlets located in over 70 countries. The bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, with balanced income derived from both Wholesale and Consumer Banking.

The group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. For more information, please visit: www.standardchartered.com