STANDARD BANK: TERMINATION OF INDEX BARRIER WARRANTS

The Standard Bank of South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number 1962/000738/06)
TERMINATION OF INDEX BARRIER WARRANTS

                Issue      Exercise Barrier Exercise Option Exercise

Index           Size       Level    Level   Style    Type   Date
JSE Actuaries

Top Forty       50 Million 7 200    9 000   European Put    21 June 2001
All Share
Companies Index
Issue           JSE
Index           Codes
JSE Actuaries
Top Forty       4ALSSB
All Share
Companies Index

The Johannesburg Stock Exchange (the JSE) listings division has approved the
termination of the above mentioned warrants, as at 17th May 2001. The share
price closed above the barrier level. The warrants have therefore been
delisted from this date.

Copies of the offering Circular may be obtained from:
The Standard Bank of South Africa Limited
3 Simmonds Street
Johannesburg 2001
For further information contact:
Standard Bank Warrants
Tel 0800 111 780
Internet: www.warrants.co.za
Johannesburg 2001
Sponsoring broker
Standard Equities (Pty) Limited
(Registration number 1972/008305/07)
(Member of the JSE)
3 Simmonds Street, Johannesburg, 2001