STANDARD BANK GROUP LIMITED - DIRECTOR"S DEALINGS IN SECURITIES

STANDARD BANK GROUP LIMITED - DIRECTOR"S DEALINGS IN SECURITIES                 
STANDARD BANK GROUP LIMITED                                                     
Incorporated in the Republic of South Africa)                                   
Registration number 1969/017128/06)                                             
Share code: SBK                                                                 
Namibian Share Code: STB                                                        
ISIN: ZAE000038873                                                              
("Standard Bank Group")                                                         
DIRECTOR"S DEALINGS IN SECURITIES                                               
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      :31 March 2004                                         
Nature of transaction:                                                          
Mr. Ruck has taken delivery of ordinary shares allocated to him in terms of the 
Standard Bank Group Share Incentive Scheme, the details of which are as follows:
150 000 allocated on 02-09-1996 at R17.10                                       
30 000 allocated on 01-09-1997 at R20.50                                        
10 000 allocated on 31-08-1998 at R13.50                                        
70 000 allocated on 30-11-1998 at R14.15                                        
57 500 allocated on 15-03-2000 at R25.00                                        
44 000 allocated on 27-11-2000 at R26.40                                        
Extent of interest       :Direct beneficial                                     
Director                 :Mr. M J D Ruck                                        
Date of Transactions     :31 March 2004                                         
Nature of transaction    :Mr. Ruck has sold 181 500 ordinary shares at a price  
of R41.34 per share.                                                            
Value of this transaction:R7 503 210                                            
Extent of interest       :Direct beneficial                                     
Clearance to deal        : Yes                                                  
Johannesburg                                                                    
1 April 2004                                                                    
Sponsor                                                                         
Standard Bank                                                                   
Date: 01/04/2004 04:02:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department