STANDARD BANK GROUP LIMITED - Capitalisation issue ratio with respect to the election for capitalisation shares in lieu of a cash dividend

Capitalisation issue ratio with respect to the election for capitalisation shares in lieu of a cash dividend

Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1969/017128/06
JSE share code: SBK
NSX share code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the Company")

ANNOUNCEMENT OF THE CAPITALISATION ISSUE RATIO     WITH   RESPECT   TO   THE   ELECTION   FOR
CAPITALISATION SHARES IN LIEU OF A CASH DIVIDEND

Standard Bank Group ordinary shareholders (“Shareholders”) are referred to the
Company`s unaudited results for the six months ended 30 June 2012, as released on the
Securities   Exchange  News   Service  (“SENS”)   of  the  JSE  Limited   ("JSE")  on
Thursday, 16 August 2012 and published in the press on Friday, 17 August 2012, in
which Shareholders were notified of the payment of an interim gross cash dividend
of 212 cents per ordinary share (“the Cash Dividend”) to Shareholders recorded in the
register of the Company at the close of business on Friday, 14 September 2012, or an
election to receive capitalisation shares (“Capitalisation Shares”) in lieu of the
Cash Dividend (“the Capitalisation Issue”) to be determined by the ratio
that 212 cents bears to the volume weighted average price (“VWAP”) of the Company’s
ordinary shares (“Ordinary Shares”) on the exchange operated by the JSE during the
five-day trading period ending Thursday, 30 August 2012.

Shareholders are further referred to the circular to Shareholders issued on
Friday, 24 August 2012 which included the full details of the Cash Dividend and the
Capitalisation Issue.

Shareholders are hereby advised that the VWAP of the Ordinary Shares on the JSE during
the five-day trading period ended Thursday, 30 August 2012 was 11142,413 cents.

Accordingly, the number of Ordinary Shares to which Shareholders electing to
participate in the Capitalisation Issue will be entitled, is determined in the ratio
that 212 cents bears to 11142,413 cents which equates to 1,90264 new Ordinary Shares
for every 100 Ordinary Shares held. Trading in the Strate Limited environment does not
permit fractions and fractional entitlements. Accordingly, where a Shareholder`s
entitlement to new Ordinary Shares, calculated in accordance with the above formula,
gives rise to a fraction of a new Ordinary Share, such fraction of a new Ordinary
Share will be rounded up to the nearest whole number where the fraction is greater
than or equal to 0,5 and rounded down to the nearest whole number where the fraction
is less than 0,5.

Example of calculation of the Capitalisation Issue entitlement:

This example assumes that a Shareholder holds 100 Ordinary Shares on the record date
and elects to receive Capitalisation Shares.

New Ordinary Share entitlement = 100 x 212 cents / 11142,413 cents
                               = 1,90264 new Ordinary Shares

Shareholders who wish to receive the Capitalisation Issue in respect of all or part of
their shareholding must elect to do so in accordance with the provisions of the
circular   and   form   of   election    which   was   posted   to   Shareholders   on
Friday, 24 August 2012. The last day to elect to receive the Capitalisation Issue in
lieu of the Cash Dividend is by 12:00 South African time on Friday, 14 September 2012.
Shareholders who wish to receive the Cash Dividend of 212 cents per Ordinary Share
need not take any action.

A further announcement will be made on or about Monday, 17 September 2012 in respect
of the results of the Capitalisation Issue.

Johannesburg
31 August 2012
Lead Sponsor
The Standard Bank of South Africa Limited

Joint sponsor
Deutsche Securities (SA) Proprietary Limited

Sponsor in Namibia
Simonis Storm Securities Proprietary Limited

Date: 31/08/2012 11:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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