TNAG-2245-FCO40-3228-Bank-of-Credit-and-Commerce-Hong-Kong-Limited-(BCCHK)-1991 — Page 173

09-AUG-1991 15:22

09/08 191 10:39

HKGO LONDON

2071 280 7154

GROUP GUMAS

071 493 1964

Standard Chartered

Standard Chartered PLC

1 Aldermanbury Square London EC2V 7SB Telephone (071) 280 or 457 7159

TO: NEWS EDITORS

9 August 1991

FOR IMMEDIATE RELEASE

Standard Chartered Bank wishes to make it clear that the rumours circulating in Hong Kong to the effect that it is experiencing problems with its banking licence in the Imited Kingdom are totally unfounded. Moreover, rumours that its shares have been suspended on the London Stock Exchange are also completely untrue. This statement is being issued with the full knowledge of the Bank of England and the London Stock Exchange.

Enquiries to:-

Will Manser, Group Public Affairs Manager

071 280 7159 (Office) 081 904 7473 (Home)

.

★

FAX TO (FAX NO) 071493 1964

FOR THE ATTENTION OF RANJIT PEIRIS

FROM WILL MANDER

STANDARD CHARTERED BANK),

FAX NO

(2)

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NO OF PAGES ...........

TOTAL P.03

P.03

WVUL

News Release