Stanbic Proposed Change of Name

Standard Bank Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
("Stanbic" or "the company")
Share Codes: SBC and SBCP
ISINs: ZAE000014858 and ZAE000006318

 Standard Corporate and Merchant Bank is authorised to announce that a
special resolution will be proposed at the annual general meeting of Stanbic
to be held on Tuesday, 21 May 2002, to change the name of the company from
Standard Bank Investment Corporation Limited to Standard Bank Group Limited.
 The proposed change of name of the company is to better reflect its current
position and to bring the name into line with market trends.

 The change of name of the company will require certificated holders of
ordinary and preference shares in Stanbic to surrender their share

certificates in order to receive new certificates, at no charge, reflecting
the new name of the company.  A circular, including a form of surrender,
will be sent to holders of ordinary and preference shares in Stanbic once
the approval of Stanbic's ordinary shareholders for the change of name has
been obtained.

Important dates and times                                        2002
Last date to lodge form of proxy by 12:00 on           Monday, 20 May
Annual general meeting to be held at 12:00 on         Tuesday, 21 May
Results of general meeting to be published on

or about                                            Wednesday, 22 May
Last day to trade in Stanbic shares under old name     Friday, 7 June
Trading in the new name will commence on              Monday, 10 June
Record date                                           Friday, 14 June
In respect of certificated ordinary and preference
shareholders, if existing share certificates are

surrendered together with surrender forms on or before

the close of business on the record date, new share

certificates will be mailed to such shareholders by

registered post on                                   Tuesday, 18 June
The effective date of the change of the statutory name of the company will
be Monday, 3 June 2002.  Stanbic share certificates (in old name) may not be
dematerialised or rematerialised after Friday, 31 May 2002.

The above dates and times are subject to change.  Any such change will be
published on SENS and in the press.

The Stanbic annual report, incorporating the notice of annual general
meeting and a form of proxy, has been posted to shareholders.
Johannesburg
29 April 2002
Merchant bank and sponsor
Standard Corporate and Merchant Bank

(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Attorneys
Bowman Gilfillan Inc.
(Registration number 1998/021409/21)
Sponsoring broker in Namibia
HSBC Securities (Namibia) (PTY) Limited
(Registration number 95/505)