Standard Bank - Adjustments to the terms and conditions of Share Instalment

Standard Bank - Adjustments to the terms and conditions of Share Instalment     
PRESS ANNOUNCEMENT                                                              
The Standard Bank Of South Africa Limited                                       
Share Code: INPSIB                                                              
ISIN Code:  ZAE000074944                                                        
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK INVESTEC PLC SHARE 
INSTALMENT                                                                      
Prior Terms                                                                     
JSE Code      Exercise Price    Conversion     Expiry       Exercise Style      
                                Ratio                                           
INPSIB        R135.00           1 for 1        27/11/2006   American Call       
Following the Investec plc ("INP") announcement of a 5 FOR 1 share split of INP,
the Issuer will amend the Terms and Conditions in the following way:            
The Adjustments                                                                 
On the 4TH  September 2006, a new Exercise Price will be calculated, so that the
effect of the adjustments will be that:                                         
The New Strike Price = (Old Strike/5)                                           
The conversion ratio will not change, but there will rather be an instalment    
split, whereby the holder of 1 INPSIB share instalment will be converted to 5   
share instalments.                                                              
Example                                                                         
Before the adjustment the holder of 1 INPSIB Share Instalment, had the right to 
purchase 1 INP share at an Exercise Price of R135.00 per share, a total cash    
outlay of R135.00 per instalment.                                               
After the adjustment, a holder of 5 INPSIB (previously 1) Share Instalments,    
will have the right to purchase 5 INP shares at an Exercise Price of R27.00, a  
total cash outlay of R135.00 per 5 instalments                                  
New Terms                                                                       
JSE Code      Exercise Price    Conversion     Expiry       Exercise Style      
                                Ratio                                           
INPSIB        R27.00            1 for 1        27/11/2006   American Call       
The JSE Limited ("the JSE") Issuer Services Division has approved the adjustment
of the above-mentioned warrants, and the adjustments will be effective from 4   
September 2006.                                                                 
Date: 04/09/2006 11:18:07 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department