Exalted status of one on a rostrum? (4,8)

I believe the answer is:

high standing

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'one on a rostrum?' is the definition.
The definition suggests an adjective which matches the answer.

'exalted status' is the wordplay.
'exalted' becomes 'high' (similar in meaning).
'status' becomes 'standing' (standing is a kind of status).
'high'+'standing'='HIGH STANDING'

'of' is the link.

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I've seen this clue in The Globe and Mail.

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