Standard Chartered PLC (LON:STAN) today announced that it will commence buying-back its ordinary shares of US$0.50 each for up to a maximum aggregate amount of US$1,500,000,000. The purpose of the buyback is to reduce SC’s share capital.

SC has entered into a non-discretionary agreement with J.P. Morgan Securities plc (JPMS) to enable the purchase of Ordinary Shares by JPMS plc, acting as principal, during the period running from 25 February 2026 until and including 24 August 2026 (subject to no regulatory objections or concerns arising), for an aggregate purchase price of up to, but no greater than, US$1,500,000,000 and the on-sale of such Ordinary Shares by JPMS plc to SC.

The maximum number of Ordinary Shares that can be purchased under the Buy-back is 200,000,000 Ordinary Shares. JPMS plc will make their trading decisions in relation to the Ordinary Shares independently of SC.

Ordinary Shares purchased under the Buy-back will be cancelled.