Stanbic - Director dealing in Securities

Stanbic - Director dealing in Securities                                        
Standard Bank Investment Corporation Limited                                    
Incorporated in the Republic of South Africa)                                   
Registration number 1969/017128/06)                                             
South African Share code: SBC                                                   
Namibian Share Code: STB                                                        
ISIN: ZAE000014858                                                              
("Stanbic")                                                                     
In compliance with rule 3.72 of the JSE Listing Requirements, the following     
information is disclosed:                                                       
Director:                     Mr. M J D Ruck                                    
Date of Transaction:          16 May 2002                                       
Nature of transaction:        Stanbic Group Share Incentive Scheme:             
                              Mr. Ruck has taken delivery, and is now           
                              the holder, of 15 000 ordinary shares             
allocated to him on 06-11-1992 at R6.00,          

                              in terms of the Stanbic Group Share               
                              Incentive Scheme.                                 
Extent of interest:           Direct beneficial                                 
Date: 17/05/2002 04:14:00 PM Produced by the SENS Department