UK Securities Litigation – update on s.90A FSMA claim

London – Standard Chartered is committed to acting in the best interests of all shareholders. This includes our reporting and disclosure obligations. Notwithstanding that Standard Chartered has always denied any and all liability, in the case ‘Mercy Investment Services, Inc. and others v. Standard Chartered plc’ a settlement was deemed appropriate in bringing this matter to a close. The settlement is not material to the Group’s operating results or financial position.

We likewise acknowledge a subsequent Court of Appeal decision, which relates to document production in the related proceedings. This is not a ruling on the merits of the allegations themselves.

For further information, please contact:

Robbie Sommerville 
Global Head, Corporate Communications
+44 7990 784 478

Shaun Gamble
Group Media Relations
+44 7766 443662