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Standard Bank Group Limited - Redemption Of Tier II Bonds By SBSA

Release Date: 04/04/2005 07:08
Code(s): SBK
Wrap Text

Standard Bank Group Limited - Redemption Of Tier II Bonds 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 On 31 May 2000 The Standard Bank of South Africa Limited ("SBSA") issued R1.2 billion subordinated callable bonds qualifying as secondary capital ("SBK1"). These bonds are subject to terms and conditions as set out in the offering circular dated 23 May 2000 ("Offering Circular"). In terms of the Offering Circular, the bonds mature on 1 June 2010. The SBK1 bonds are redeemable at the option of SBSA on 1 June 2005, subject to the prior written approval of the Registrar of Banks. Pursuant to condition 6.2 of the terms and conditions of the SBK1 bonds set out in the Offering Circular and having obtained the requisite prior written approval from the Registrar of Banks, SBSA hereby gives notice that it will redeem the R1.2 billion SBK1 bonds on 1 June 2005 at face value together with any interest accrued to that date. For further information, please contact: Simon Ridley (Chief Financial Officer) tel 011 636 3756 e-mail: simon.ridley@standardbank.co.za Norbert Hoffmann (Director: Group Capital Management) tel 011 636 3712 e-mail: norbert.noffmann@standardbank.co.za Andrew Pamphilon (Director: Debt Origination) tel 011 378 7003 e-mail: andrew.pamphilon@standardbank.co.za Date: 04/04/2005 07:08:03 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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