STANDARD BANK GROUP LIMITED - Financial information provided to Industrial and Commercial Bank of China Limited (ICBC)

Financial information provided to Industrial and Commercial Bank of China Limited (“ICBC”)

Standard Bank Group Limited
Registration No. 1969/017128/06
Incorporated in the Republic of South Africa
JSE share code: SBK
ISIN: ZAE000109815
NSX share code: SNB
NSX share code: SNB ZAE000109815
(“Standard Bank Group” or “the group”)

Financial information provided to Industrial and Commercial Bank of China Limited (“ICBC”)

On a quarterly basis Standard Bank Group discloses to ICBC sufficient information to enable ICBC to
equity account the group's results. Accordingly, the following consolidated financial information,
prepared on an International Financial Reporting Standards basis, is being provided to ICBC for the
nine months ended 30 September 2015.


Statement of changes in ordinary shareholders' equity for the nine months ended 30
September 2015


                                                        Earnings
                                  Balance at                                   Other           Balance at
                                                  attributable to
                                  1 January                             movements           30 September
                                                        ordinary
                                       2015                           for the period                2015
       Rm                                          shareholders
       Ordinary share
                                          162                                                        162
       capital
       Ordinary share
                                       17 905                                      (120)          17 785
       premium
       Foreign currency
                                                                              1
       and hedging                      7 411                                     (1 537)           5 874
       reserves
       Translation reserve              7 359                                      (635)            6 724

       Foreign currency net
       investment and cash                 52                                      (902)            (850)
       flow hedging reserve
                                                         2                3
       Retained earnings             110 504                 18 530           (10 663)           118 371
       Empowerment
       reserve and treasury           (2 570)                                      1 279          (1 291)
       shares
       Other                            3 573                                      (385)            3 188
       Total ordinary
       shareholders'                 136 985                 18 530           (11 426)           144 089
       equity


1
    The decrease in the foreign currency and hedging reserves principally arises from the release to the
    income statement of historical foreign currency translation reserves (FCTR) referred to in note 2
    below. This was offset by the translation impact of the group’s remaining foreign net asset value as
    a result of the weakening of the Rand against the USD (R13.29/USD at 30 September 2015 from
    R11.57/USD at 31 December 2014) since December 2014.
2
    Included in earnings attributable to ordinary shareholders is approximately R2.8 billion of earnings
    which is excluded from headline earnings. The majority of this relates to the disposal of a 60%
    controlling interest in Standard Bank Plc (SB Plc) and primarily comprises the release of the group’s
    FCTR relating to SB Plc’s net asset value less the recognition of the remaining unrecognised loss on
    the disposal.
3
    Primarily comprises the ordinary dividends declared in March and August 2015.
The information contained in this announcement has not been reviewed by or reported on by the
group's auditors.


Johannesburg
22 October 2015


Lead sponsor

The Standard Bank of South Africa Limited

Independent sponsor

Deutsche Securities (SA) Proprietary Limited

Namibian sponsor

Simonis Storm Securities (Proprietary) Limited

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