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 African Bank Investments Warrant                
Prior Terms                                                                     
ISIN           JSE     Exercise Conversion Expiry       Exercise Style          
              Code    Price    Ratio                                            
ZAE000069092   ABLSBE  R20.00   4 for 1    05-Jan-06    American Call           
Following the African Bank Investments ("ABL") announcement of a 70c special    
dividend of ABL , the Issuer will amend the Terms and Conditions in the         
following way to ensure that the financial position of the warrant holder is    
unprejudiced.                                                                   
After the adjustment, a holder of 1 ABLSBE Call Warrant will have the right to  
purchase 0.2583 ABL shares at an Exercise Price of R19.35, a total cash outlay  
of R5.00 per warrant.                                                           
New Terms                                                                       
ISIN           JSE     Exercise Conversion Expiry        Exercise Style         
Code    Price    Ratio                                            

ZAE000069092   ABLSBE  R19.35   3.87 for 1 05-Jan-06     American Call          
The JSE Limited (JSE) Issuer  Services Division has approved the adjustment of  
the above-mentioned warrants, and the adjustments will be effective from 22     
August 2005.                                                                    
Date: 22/08/2005 01:49:09 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department