STANBIC - RESULTS OF CAPITALISATION SHARE AWARD AND CASH DIVIDEND

STANDARD BANK INVESTMENT CORPORATION
  (INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
  (REGISTRATION NUMBER 1969/017128/06)
  ("STANBIC")

RESULTS OF CAPITALISATION SHARE AWARD AND CASH DIVIDEND

THE RIGHT OF ORDINARY SHAREHOLDERS REGISTERED AT THE CLOSE OF BUSINESS ON
FRIDAY, 1 SEPTEMBER 2000 TO ELECT TO RECEIVE THE INTERIM CASH DIVIDEND OF 22
CENTS PER ORDINARY SHARE ("THE ELECTION") INSTEAD OF THE AWARD OF

CAPITALISATION SHARES, CLOSED AT 12:00 ON FRIDAY, 29 SEPTEMBER 2000.

ELECTIONS TO RECEIVE THE INTERIM CASH DIVIDEND OF 22 CENTS PER SHARE WERE MADE
IN RESPECT OF 760 246 038 ORDINARY SHARES, RESULTING IN THE PAYMENT OF A TOTAL
DIVIDEND OF R167 534 084, WHICH INCLUDES THE RESIDUAL CASH DIVIDEND PAYABLE IN
LIEU OF UNALLOCATED FRACTIONAL ENTITLEMENTS TO NEW ORDINARY SHARES.

ACCORDINGLY, 5 143 794 NEW ORDINARY SHARES ARE TO BE ISSUED PURSUANT TO THE
CAPITALISATION SHARE AWARD, BEING A 45,7% ACCEPTANCE OF SUCH AWARD.

THE WEIGHTED AVERAGE PRICE OF STANBIC ORDINARY SHARES ON THE JOHANNESBURG STOCK
EXCHANGE ("THE JSE") FOR THE FOUR BUSINESS DAYS ENDED WEDNESDAY, 27 SEPTEMBER
2000, WAS 2 870 CENTS PER SHARE. ACCORDINGLY, THE CAPITALISATION SHARE AWARD
HAS BEEN DETERMINED ACCORDING TO A RATIO OF 0,804922 NEW ORDINARY SHARES FOR
EVERY 100 ORDINARY SHARES HELD ON FRIDAY, 1 SEPTEMBER 2000.

FOLLOWING THE ISSUE OF THE NEW ORDINARY SHARES, THE ISSUED ORDINARY SHARE
CAPITAL OF STANBIC WILL CONSIST OF 1 407 084 062 ORDINARY SHARES OF 10 CENTS
EACH.
LISTING OF NEW ORDINARY SHARES

THE LISTING OF 5 143 794 NEW ORDINARY SHARES IN STANBIC WILL COMMENCE ON THE
JSE AND NAMIBIAN STOCK EXCHANGE FROM THE COMMENCEMENT OF BUSINESS ON FRIDAY, 6
OCTOBER 2000.
POSTING OF SHARE CERTIFICATES AND CHEQUES

SHARE CERTIFICATES IN RESPECT OF NEW ORDINARY SHARES WILL BE POSTED TO THE
RELEVANT SHAREHOLDERS ON OR ABOUT FRIDAY, 6 OCTOBER 2000. WHERE APPLICABLE,
CASH DIVIDENDS AND/OR THE FRACTIONAL ENTITLEMENTS REFERRED TO ABOVE WILL BE
TRANSFERRED ELECTRONICALLY TO SHAREHOLDERS' BANK ACCOUNTS OR, IN THE ABSENCE OF
SUITABLE MANDATES, CHEQUES WILL BE POSTED TO SHAREHOLDERS, ON OR ABOUT FRIDAY,
6 OCTOBER 2000.
JOHANNESBURG
5 OCTOBER 2000
MERCHANT BANK
  STANDARD CORPORATE AND MERCHANT BANK

  (A DIVISION OF THE STANDARD BANK OF SOUTH AFRICA LIMITED)
  (REGISTRATION NUMBER 1962/000738/06)
SPONSORING BROKERS
IN SOUTH AFRICA
  STANDARD EQUITIES (PROPRIETARY) LIMITED
  (REGISTRATION NUMBER 1972/008305/07)
  (MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
  DEUTSCHE BANK SECURITIES (PTY) LTD
  (REGISTRATION NUMBER 1973/006709/07)
  MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
IN NAMIBIA
  HSBC
  PHILLIP JA VAN HEERDEN
  MEMBER OF THE NAMIBIAN STOCK EXCHANGE
  TRADING AS
  HSBC SECURITIES (NAMIBIA) (PTY) LIMITED
  REG. NO. 95/505