The Standard Bank of South Africa Limited - Issue of share

The Standard Bank of South Africa Limited           - Issue of share            
instalments                                                                     
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
ISSUE OF SHARE INSTALMENTS                                                      
Underlying      Issue size   Exercise Ratio  Warrant   Exercise    JSE          
Instrument                    Price           Style      Date     Codes         
GRINDROD        1 MILLION    R 20.50    1   American  05-May-06   GNDSIA        
LIMITED                                       Call                              
HIGHVELD STEEL  1 MILLION    R 31.00    1   American  05-May-06   HVLSIA        
AND VANADIUM                                  Call                              
LIMITED                                                                         
LIBERTY         1 MILLION    R 55.00    1   American  05-May-06   LBTSIA        
INTERNATIONAL                                 Call                              
PLC                                                                             
REDEFINE        1 MILLION     R 1.80    1   American  05-May-06   RDFSIA        
INCOME FUND                                   Call                              
LIMITED                                                                         
The JSE Securities Exchange SA Listings Division has approved the amendment of  
the abovementioned instalments and trading will commence on 5 May 2005. All     
members of the JSE may participate in trading which will occur according to     
normal JSE Rules. Settlement will be effected electronically through STRATE.    
Copies of the warrant program and pricing supplement are available at the       
offices stated below.                                                           
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: 05/05/2005 08:30:10 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department