STANDARD BANK GROUP LIMITED - TIER II BOND ISSUE BY SBSA

STANDARD BANK GROUP LIMITED - TIER II BOND ISSUE BY SBSA                        
Standard Bank Group Limited                                                     
Incorporated in the Republic of South Africa                                    
Registration number 1969/017128/06                                              
JSE Share code: SBK                                                             
Namibian Share Code: SNB                                                        
ISIN: ZAE000057378                                                              
The Standard Bank of South Africa Limited ("SBSA") has mandated Standard Bank   
Corporate and Investment Banking and J.P. Morgan to lead manage a Tier II       
capital bond issue of approximately R1.5 billion.  A roadshow to assess investor
demand for this planned bond issue commences today.                             
This bond issue forms part of SBSA"s strategy to refinance R2.7 billion of      
SBSA"s existing Tier II capital bonds, which are eligible to be called for      
redemption during 2005 at the option of SBSA and subject to the prior written   
approval of the Registrar of Banks.                                             
Application has been made to list the bond on the Bond Exchange of South Africa.
For further information, please contact Simon Ridley (Chief Financial Officer)  
tel 011 636 3756 or Norbert Hoffmann (Director: Group Capital Management) tel   
011 636 3712.                                                                   
Date: 01/11/2004 03:48:14 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department