Standard Chartered PLC (SC) announces that it will commence buying back ordinary shares of US$0.50 each for up to a maximum aggregate amount of $1,000,000,000.

The purpose of the buyback is to reduce SC’s share capital.

SC has entered into a non-discretionary agreement with Goldman Sachs International (“GS”) to enable the purchase of Ordinary Shares by GS, acting as principal, during the period running from 30 July 2026 and ending no later than 29 January 2027 (subject to no regulatory objections or concerns arising), for an aggregate purchase price of up to, but no greater than, $1,000,000,000 and the on-sale of such Ordinary Shares by GS to SC.

The maximum number of Ordinary Shares that can be purchased under the Buyback is 201,451,712 Ordinary Shares (save that any purchases shall not exceed the amount that represents SC’s available general authority to purchase Ordinary Shares as granted by its shareholders from time to time). GS will make their trading decisions in relation to the Ordinary Shares independently of SC.