Standard Bank Group - Executive management changes

Standard Bank Group - Executive management changes                              
Standard Bank Group Limited                                                     
Incorporated in the Republic of South Africa)                                   
(Registration number 1969/017128/06)                                            
Share code: SBK                                                                 
Namibian Share Code: SNB                                                        
ISIN: ZAE000038873                                                              
("Standard Bank Group"/ "the group")                                            
Executive management changes                                                    
It is one of the group"s stated strategic objectives to, wherever it makes      
sense, align the activities of different divisions to avoid duplication, reduce 
costs and leverage off centres of excellence.  In accordance with this, Standard
Bank Group is pleased to announce the following appointment as a positive       
development for the long-term growth and positioning of the group:              
Sim Tshabalala (35) who has effectively led the growth of Stanbic Bank (Africa),
will in addition to his current portfolio, take on the position of Deputy       
Managing Director Retail Banking with responsibility for Home Loans,            
Transactions and Lending Products, Card Division and Diners Club. In this role  
he will also drive the initiatives to align the retail operations of Stanbic    
Bank (Africa) and the domestic Retail business.                                 
Additionally, Dave Munro (32) has been appointed as Deputy Managing Director of 
SCMB. In this capacity he will be responsible for Corporate Finance, Structured 
Debt Finance, Commodities and the Finance and Operations functions.             
Jacko Maree                                                                     
Chief Executive                                                                 
Date: 18/11/2003 03:43:26 PM Supplied by www.sharenet.co.za                     
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