The Standard Bank of South Africa Limited - Adjustments To The Terms And

The Standard Bank of South Africa Limited - Adjustments To The Terms And        
Conditions Of The Standard Bank Edgars Consoliated Stores Limited Share         
Instalment                                                                      
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK EDGARS CONSOLIATED 
STORES LIMITED SHARE INSTALMENT                                                 
Prior Terms                                                                     
JSE Code  Exercise       Conversion     Expiry         Exercise                 
          Price          Ratio                         Style                    
ECOSIA    R135.00        1 for 1        09/12/2005     American Call            
Following the Edgars Consolidated Stores Ltd ("ECO") announcement of a 10 FOR 1 
share split of ECO, the Issuer will amend the Terms and Conditions in the       
following way:                                                                  
The Adjustments                                                                 
On the 25TH  July 2005, a new Exercise Price will be calculated, so that the    
effect of the adjustments will be that:                                         
1)       The New Strike Price = (Old Strike/10)                                 
2)       The conversion ratio will not change, but there will rather be an      
instalment split, whereby the holder of 1 ECOSIA share instalment will be       
converted to 10 share instalments.                                              
Example                                                                         
Before the adjustment the holder of 1 ECOSIA Share Instalment, had the right to 
purchase 1 ECO share at an Exercise Price of R135.00 per share, a total cash    
outlay of R135.00 per instalment.                                               
After the adjustment, a holder of 10 ECOSIA (previously 1) Share Instalments,   
will have the right to purchase 10 ECO shares at an Exercise Price of R13.50, a 
total cash outlay of R135.00 per 10 instalments                                 
New Terms                                                                       
JSE Code  Exercise       Conversion     Expiry         Exercise                 
          Price          Ratio                         Style                    
ECOSIA    R13.50         1 for 1        09/12/2005     American Call            
The JSE Limited ("the JSE")  Issuer Services Division has approved the          
adjustment of the above-mentioned warrants, and the adjustments will be         
effective from 25 July 2005.                                                    
Date: 25/07/2005 02:06:39 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department