SB: The Standard Bank Of South Africa Limited -Increase in issue size

SB: The Standard Bank Of South Africa Limited -Increase in issue size           
announcement in relation to the MLASBA  call warrant                            
JSE                                                                             
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
Share Code: MLASBA                                                              
ISIN Code: ZAE000066890                                                         
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO MLASBA CALL WARRANT          
The JSE Listings division has approved the increase in the issue size from 20   
million to 40 million in respect of the MLASBA call warrant with effect from the
commencement of trade on Friday, 24 June 2005 due to the following reasons:     
The further issue represents only a small portion of the market capitalisation o
the company.                                                                    
This is well below the limit set by the JSE.                                    
There is massive demand for the MLASBA-call warrant at present and we wish to   
match this demand in order to satisfy the market and fulfill our position as    
market maker.                                                                   
We need to increase the issue size in order to prevent the warrant from trading 
up above fair value and thereby jeopardising people who purchase the warrant at 
inflated levels.                                                                
There are no changes to the terms and conditions of the warrant or to the       
underlying share. All documentation submitted for the initial listing of the    
warrant, dated 15 of May 2005 therefore remain relevant.                        
The terms and conditions of the warrant are as follows:                         
JSE Code                                                                        
MLASBA                                                                          
Short Name                                                                      
SB MLA CA                                                                       
Long Name                                                                       
SB MLA 5750 CA 15:1 NOV05                                                       
Underlying Share                                                                
Mittal Steel Ltd                                                                
Type                                                                            
American Call                                                                   
Expiration Date                                                                 
14 November 2005                                                                
Strike Price                                                                    
R57.50                                                                          
Cover Ratio                                                                     
15 Warrants exercisable into 1 Share                                            
For further information contact:                                                
Standard Bank                                                                   
Tel 0800 111 780                                                                
Email: derivatives@standardbank.co.za                                           
Sponsor: Standard Bank                                                          
Date: 22/06/2005 05:51:31 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department