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 Tiger Brands Limited Share Instalment 
The Standard Bank of South Africa Limited                                       
PRESS ANNOUNCEMENT                                                              
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK TIGER BRANDS       
LIMITED SHARE INSTALMENT                                                        
Prior Terms                                                                     
JSE    Exercise  Conversion     Expiry       Exercise       ISIN Code           
Code   Price     Ratio                       Style                              
TBSSIA R47.00    1 for 1        09/12/2005   American Call  ZAE000061404        
Following Tiger Brands Ltd ("TBS") announcement of forced sale of 4 for every   
100 shares held at R112 of TBS, the Issuer will amend the Terms and Conditions  
in the following way:                                                           
Example                                                                         
Before the adjustment the holder of 1 TBSSIA Share Instalment, had the right to 
purchase 1 TBS share at an Exercise Price of R47.00 per share, a total cash     
outlay of R47.00 per instalment.                                                
After the adjustment, a holder of 1 TBSSIA Share Instalments, will have the     
right to purchase 1.007 TBS shares at an Exercise Price of R47.33, a total cash 
outlay of R47.66 per instalment.                                                
New Terms                                                                       
JSE    Exercise  Conversion     Expiry       Exercise       ISIN Code           
Code   Price     Ratio                       Style                              
TBSSIA R47.33    1.007 for 1    09/12/2005   American Call  ZAE000061404        
The JSE Limited ("the JSE") Issuer Services Division has approved the adjustment
of the above-mentioned warrants, and the adjustments will be effective from 17  
October 2005.                                                                   
-ends-                                                                          
17 October 2005                                                                 
Date: 17/10/2005 03:40:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department