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

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

On a quarterly basis the 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 2016.

Statement of changes in ordinary shareholders' equity for the nine months ended 30 September 2016


                                        Balance at               Earnings    Other movements           Balance at
                                    1 January 2016         attributable to       for the period     30 September
                                                                 ordinary                                   2016
                                                            shareholders

                                               Rm                     Rm                   Rm                 Rm

       Ordinary share capital                  162                                                            162

       Ordinary share
                                            17 784                                        (58)             17 726
       premium

       Foreign currency and
                                             9 099                                    (10 723)            (1 624)
       hedging reserves
       Foreign currency
                                                                                               1
       translation reserve                  10 223                                  (10 683)                (460)
       (FCTR)
       Foreign currency net
       investment and cash                 (1 124)                                        (40)            (1 164)
       flow hedging reserve

                                                                         2                     3
       Retained earnings                  122 129               16 550              (10 771)             127 908

       Empowerment reserve
                                           (1 072)                                         123              (949)
       and treasury shares

       Other                                 2 967                                          56              3 023

       Total ordinary
                                          151 069                 16 550              (21 373)           146 246
       shareholders' equity

1
    The decrease in the FCTR is primarily as a result of the strengthening of the Rand against both the US Dollar
    (R13.74/USD at 30 September 2016 from R15.50/USD at 31 December 2015) and other African currencies,
    most notably the Nigerian Naira.
2
    Shareholders are reminded that retained earnings for the comparable period to 30 September 2015 included
    once-off items of approximately R2.8 billion which were excluded from headline earnings. The majority of these
    related to the disposal of a 60% controlling interest in Standard Bank Plc (SB Plc) in February 2015 and
    primarily comprised 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 2016.


The information contained in this announcement has not been reviewed and reported on by the group's external
auditors.


Johannesburg
20 October 2016
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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