STANDARD CHARTERED BANK LAUNCHES FIRST EVER INDIAN DEPOSITORY RECEIPT " IDR" OFFER.

Standard Chartered Bank launch their first ever Indian depository
Receipt (IDR) offer.This issue of IDR's will allow the bank to significantly boost its market visibility and brand Profile in India and will give indian investors an oppurtunity to invest in the bank and participate in its growth.

Standard chartered bank celebrated its 150th year of their operations in India in 2008, having opened its first branch in kolkata in 1858. The bank's share is listed on London & Hong Kong Stock Exchanges.

the IDR's will be listed in Mumbai Stock Exchange and National Stock Exchange. The pricing of the issue will be announced on 24th may,2010.The amount being raised will depend on the pricing of the issue and investor response.

Mr.Neeraj Swaroop,Regional CEO,India & S.Asia addressed the media along with Ms.Ashia Razzaq,Head investor relations of the bank and Mr.Sunil Sanghai-Goldman Sachs.