SCMB - RESULTS OF GENERAL MEETING

STANDARD BANK INVESTMENT CORPORATION LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 69/17128/06)
("STANBIC")
RESULTS OF GENERAL MEETING

STANDARD CORPORATE AND MERCHANT BANK IS AUTHORISED TO ANNOUNCE THAT, AT THE
GENERAL MEETING OF STANBIC SHAREHOLDERS ("SHAREHOLDERS") HELD ON WEDNESDAY, 15
APRIL 1998, THE REQUISITE MAJORITY OF ORDINARY SHAREHOLDERS PASSED THE
RESOLUTION NECESSARY TO SUBDIVIDE EACH OF THE ORDINARY SHARES OF 100 CENTS IN
THE AUTHORISED AND ISSUED ORDINARY SHARE CAPITAL OF STANBIC INTO 10 ORDINARY
SHARES OF 10 CENTS EACH.
IN ADDITION, WITH REGARD TO THE SUBDIVISION:

THE REGISTRAR OF COMPANIES HAS REGISTERED THE SPECIAL RESOLUTION NECESSARY TO
EFFECT THE SUBDIVISION;

- THE REGISTRAR OF BANKS HAS GIVEN WRITTEN CONSENT TO EFFECT THE SUBDIVISION IN
TERMS OF THE BANKS ACT NO. 94 OF 1990;

- THE JOHANNESBURG STOCK EXCHANGE ( JSE ) AND THE NAMIBIAN STOCK EXCHANGE ( NSE
) HAVE GRANTED THE APPLICATION FOR THE LISTING OF SUBDIVIDED ISSUED ORDINARY
SHARES IN STANBIC;

- THE LISTINGS OF STANBIC ORDINARY SHARES ON THE JSE AND THE NSE WILL BE
AMENDED TO REFLECT THE SUBDIVISION FROM MONDAY, 4 MAY 1998; AND

- ORDINARY SHAREHOLDERS WHO TO DATE HAVE NOT SURRENDED THEIR EXISTING DOCUMENTS
OF TITLE WITH THE FORM OF SURRENDER ANNEXED TO THE CIRCULAR TO SHAREHOLDERS
DATED 18 MARCH 1998 MUST NOW SURRENDER THOSE EXISTING DOCUMENTS OF TITLE IN
ACCORDANCE WITH THE INSTRUCTIONS CONTAINED IN THAT FORM OF SURRENDER. AN
ADDITIONAL FORM OF SURRENDER WILL BE POSTED TODAY TO EXPEDITE THE SURRENDER
PROCESS. NEW DOCUMENTS OF TITLE REFLECTING THE SUBDIVISION WILL BE POSTED TO
ORDINARY SHAREHOLDERS ON MONDAY, 4 MAY 1998 OR FIVE DAYS AFTER RECEIPT OF
EXISTING DOCUMENTS OF TITLE, WHICHEVER DATE IS THE LATER.
JOHANNESBURG
17 APRIL 1998
MERCHANT BANK
SCMB
SPONSORING BROKERS
STANDARD EQUITIES (PTY) LIMITED
MERRILL LYNCH / SMITH BORKUM HARE
SPONSORING BROKER IN NAMIBIA
WIKUS HANEKON
ATTORNEYS
BOWMAN GILFILLAN HAYMAN GODFREY