The Standard Bank of South Africa Limited - Amendment To

The Standard Bank of South Africa Limited - Amendment To                        
Adjustments To The Terms And Conditions Of The Standard Bank                    
Richemont Securites AG Warrant                                                  
The Standard Bank of South Africa Limited                                       
AMENDMENT TO ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE                     
STANDARD BANK RICHEMONT SECURITES AG WARRANT                                    
Prior Terms                                                                     
JSE Code Exercise   Conversion    Expiry     Exercise    ISIN Codes             
           Price       Ratio                   Style                            
 RCHSBH   R20.00      4 for 1   14/11/2005   American   ZAE000066957            
                                               Call                             
RCHSBI   R24.00      5 for 1   05/01/2006   American   ZAE000069134            
                                               Call                             
 RCHSBP   R20.00      3 for 1   05/01/2006   European   ZAE000069142            
                                                Put                             
Following the Richemont Securities AG ("RCH") announcement of                   
a 39.09c special dividend of RCH , 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 RCHSBI Call Warrant will                    
have the right to purchase 0.203 RCH shares at an Exercise                      
Price of R23.64, a total cash outlay of R4.80 per warrant.                      
New Terms                                                                       
JSE   Exercise    Conversion    Expiry     Exercise    ISIN Codes             
 Code     Price       Ratio                    Style                            
RCHSBH   R19.70     3.94 for 1  14/11/2005   American   ZAE000066957            
                                               Call                             
RCHSBI   R23.64     4.92 for 1  05/01/2006   American   ZAE000069134            
                                               Call                             
RCHSBP   R19.70     2.95 for 1  05/01/2006   European   ZAE000069142            
                                                Put                             
The JSE Limited (the JSE") Issuer Services Division has                         
approved the adjustment of the above-mentioned warrants, and                    
the adjustments will be effective from 19 September 2005.                       
19 September 2005                                                               
Date: 19/09/2005 11:37:14 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department