SBK: Standard Bank Group Limited - Tier II Bond Issue By SBSA

SBK: 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 Deutsche Bank to lead manage a Tier II     
capital bond issue.  A roadshow to assess investor demand for this bond issue   
commences today.                                                                
This bond issue aims to maintain SBSA"s level of capital adequacy at prudent    
levels considering current growth in advances and the expected redemption of    
R2.7 billion of Tier II capital during 2005.                                    
Application will be 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;                        
E-mail: simon.ridley@standardbank.co.za                                         
Norbert Hoffmann (Director: Group Capital Management)                           
Tel 011 636 3712; e-mail: norbert.noffmann@standardbank.co.za                   
Sponsor                                                                         
Standard Bank                                                                   
Date: 04/05/2005 07:00:06 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department