Standard Bank Group Limited - Expiry of Stock Warrants

Standard Bank Group Limited - Expiry of Stock Warrants                          
EXPIRY OF STANDARD BANK WARRANTS                                                
Underlying Share    Warrant     Expiry      Strike  Warrant  Ratio    Issue Size
Code                           Style                      

African Bank         ABLSBB    21-Dec-04     12.12  American  3.88   100 Million
Investments                                           Call                      
Limited                                                                         
Anglo American plc   AGLSBO    21-Dec-04    135.00  American    40   100 Million
                                                      Call                      
Anglo Ashanti        ANGSBH    21-Dec-04    240.00  American    75   100 Million
Limited                                               Call                      
BHP Billiton plc     BILSBE    21-Dec-04     62.00  American    15   100 Million
                                                      Call                      
Firstrand Limited    FSRSBE    21-Dec-04     10.75  American     3   100 Million
                                                      Call                      
Firstrand Limited    FSRSBR    21-Dec-04      9.50  European     2   100 Million
                                                      Put                       
Harmony Gold         HARSBI    21-Dec-04     90.00  American    40   100 Million
Mining Company                                        Call                      
Limited                                                                         
Ispat Iscor          ISCSBE    21-Dec-04     35.00  American    12   100 Million
Limited                                               Call                      
MTN Limited          MTNSBE    21-Dec-04     29.50  American    10   100 Million
Call                      

Telkom Limited       TKGSBE    21-Dec-04     90.00  American    25   100 Million
                                                      Call                      
Please note the above-mentioned warrants will expire at the close of trade on 21
December 2004. Holders should ensure that their holdings are registered prior to
this date as only registered holders will be entitled to exercise. Warrants will
be exercisable in accordance with the terms and conditions set out in the       
warrant program.                                                                
Copies of the Offering Circular may be obtained from:                           
The Standard Bank Of South Africa Limited.                                      
(Registration Number 1962/000738/06)                                            
3 Simmonds Street                                                               
Johannesburg                                                                    
2001                                                                            
For further information contact :                                               
Standard Bank Warrants                                                          
Tel 0800 111 780                                                                
Contact us :                                                                    
derivatives@standardbank.co.za                                                  
Sponsor :                                                                       
Standard Bank                                                                   
Date: 21/12/2004 12:04:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department