STANDARD BANK GROUP LIMITED - EXPIRY OF WARRANTS

STANDARD BANK GROUP LIMITED - EXPIRY OF WARRANTS                                
EXPIRY OF STANDARD BANK WARRANTS                                                
Underlying Share   Warrant  Expiry     Strike     Warrant       Ratio    Issue S
Code                          Style                           

Anglo American plc AGLSBU   11-Jan-05  120.00     American      30       100 Mil
                                                Call                            
Absa Limited       ASASBD   11-Jan-05  47.00      American      10       100 Mil
Call                            

BHP Billiton plc   BILSBT   11-Jan-05  52.00      European      12       100 Mil
                                                Put                             
Goldfields Limited GFISBO   11-Jan-05  75.00      American      40       100 Mil
Call                            

Harmony Mining     HARSBJ   11-Jan-05  75.00      American      40       100 Mil
Company Ltd                                     Call                            
Impala Platinum    IMPSBE   11-Jan-05  475.00     American      150      100 Mil
Holdings Limited                               Call                             
Investec plc       INPSBB   11-Jan-05  125.00     American      40       100 Mil
                                                Call                            
Nedcor Limited     NEDSBT   11-Jan-05  57.50      European      15       100 Mil
Put                             

Richemont          RCHSBF   11-Jan-05  17.50      American      5        100 Mil
Securities DR                                   Call                            
Sasol Limited      SOLSBT   11-Jan-05  95.00      European      25       100 Mil
Put                             

Telkom Group       TKGSBF   11-Jan-05  80.00      American      25       100 Mil
Limited                                        Call                             
JSE Top40 Index    TOPSBF   11-Jan-05  10,500.00  European      25       100 Mil
Call                           

Please note the above-mentioned warrants will expire at the close of trade      
on 11 January 2005. 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: 11/01/2005 04:00:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department