STANDARD BANK GROUP LIMITED - Basel II Capital Adequacy Disclosure as at 30 September 2012

Basel II Capital Adequacy Disclosure as at 30 September 2012

Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
South African Share Code: SBK
Namibian Share Code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the group")


Standard Bank Group – Basel II Capital Adequacy Disclosure as at 30 September 2012

In terms of the Basel II requirements under Regulation 43(1)(e)(ii) of regulations relating to
banks, minimum disclosure on the capital adequacy of the group is required on a quarterly
basis. This announcement meets the ongoing reporting requirement for quarterly disclosure
in terms of Pillar 3 of the Basel II capital accord.

Standard Bank Group

Standard Bank Group remained well capitalised as at 30 September 2012 with a total capital
adequacy of 13.7% and primary capital adequacy of 11.2%, significantly exceeding minimum
regulatory requirements.

                                                       September               June
                                                            2012              2012
                                                             Rm                 Rm
 Ordinary share capital and premium                       18 050             18 002
 Ordinary shareholders' reserves1                         85 819             83 266
 Minority interest                                        14 136             13 145
 Regulatory deductions against primary
                                                         (19 811)
 capital                                                                    (19 070)
 Regulatory exclusions from primary capital              (19 338)           (19 540)
 Foreign Currency Translation Reserve                       1 309              1 679
 Other regulatory exclusions                             (15 386)           (14 689)
 Unappropriated Profit                                    (5 261)            (6 530)
 Preference share capital and premium                       5 495              5 495

 Primary capital                                          84 351             81 298

 Subordinated debt                                        23 796             24 296
 Secondary unimpaired reserve funds                        1 690              1 597
 Regulatory deductions against secondary
                                                          (6 067)
 capital                                                                     (6 066)

 Secondary capital                                        19 419             19 827

 Tertiary capital - Subordinated debt                        300                300
 Total qualifying capital                                104 070            101 425

 Total minimum regulatory capital
                                                          75 788
 requirement2                                                                75 778
 Credit Risk                                              55 643             54 985
 Equity Risk                                               1 836              2 170
    Market Risk                                             7 118            7 611
    Operational Risk                                       11 191           11 012

    Capital Adequacy Ratio (excl unappropriated profit)

    Total capital adequacy ratio (%)                         13.0              12.7

    Primary capital adequacy ratio (%)                       10.6              10.2

    Capital Adequacy Ratio (incl
    unappropriated profit)
    Total capital adequacy ratio (%)                         13.7              13.5
    Primary capital adequacy ratio (%)                       11.2              11.0


Note:

¹ Ordinary shareholders' reserves include unappropriated profits net of dividends paid during
the period.

2
    Total minimum capital requirement calculated at 9.5% is comprised of Pillar 1 at 8% and
Pillar 2a at 1.5% and excludes bank specific add-ons and capital floors.

The Standard Bank of South Africa Limited (the company)

The Standard Bank of South Africa Limited remained well capitalised as at 30 September
2012 with a total capital adequacy of 13.1% and primary capital adequacy of 10.2%,
significantly exceeding minimum regulatory requirements.

                                                     September               June
                                                          2012               2012
                                                           Rm                 Rm

    Primary capital¹                                       46 996          42 917
    Secondary capital                                      13 656          14 635

    Tertiary capital - Subordinated debt                      300             300
    Total qualifying capital                               60 952          57 852

    Unappropriated Profit                                   2 479            2 684

    Total minimum regulatory capital
    requirement2                                           46 051          45 828
    Credit Risk                                            36 512          36 104
    Equity Risk                                             1 472           1 532
    Market Risk                                             1 895           2 021
    Operational Risk                                        6 172           6 171

    Capital Adequacy Ratio (excl unappropriated profit)
    Total capital adequacy ratio (%)                         12.6             12.0
    Primary capital adequacy ratio (%)                        9.7              8.9

    Capital Adequacy Ratio (incl unappropriated profit)3
    Total capital adequacy ratio (%)                         13.1             12.5
    Primary capital adequacy ratio (%)                       10.2              9.5
Note:

¹ Primary capital excludes unappropriated profits and is net of dividends paid during the
period.

2
    Total minimum capital requirement calculated at 9.5% is comprised of Pillar 1 at 8% and
Pillar 2a at 1.5% and excludes bank specific add-ons and capital floors.

3
    Primary capital adequacy ratio has increased by 70 bps due to continued focus on
strengthening The Standard Bank of South Africa Limited's capital position. An injection of
R2.5bn in common equity capital into SBSA was concluded in July 2012.



The information contained in this announcement has not been reviewed by or reported on by
Standard Bank Group's external auditors.


Johannesburg
7 November 2012

Lead sponsor

The Standard Bank of South Africa Limited

Independent sponsor

Deutsche Securities (SA) (Proprietary) Limited

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