The Standard Bank Of South Africa Limited - Increase In Issue

The Standard Bank Of South Africa Limited - Increase In Issue                   
Size Announcement In Relation To AGLSBB Call Warrant                            
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
Share Code: AGLSBB                                                              
ISIN Code: ZAE000071932                                                         
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO AGLSBB CALL WARRANT          
The JSE Listings division has approved the increase in the issue size from 20   
million to 100 million in respect of the AGLSBB call warrant with effect from   
the commencement of trade on Tuesday, 17 January 2006 due to the following      
reasons:                                                                        
The further issue represents only a small portion of the market capitalisation  
of the company.                                                                 
This is well below the limit set by the JSE.                                    
There is massive demand for the ASASBI 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, therefore remain relevant.                                             
The terms and conditions of the warrant are as follows:                         
JSE Code            AGLSBB                                                      
Short Name          SB AGL CB                                                   
Long Name           SB AGL R210 CB 40:1 APR06                                   
Underlying Share    Anglo American plc                                          
Type                American Call                                               
Expiration Date     06 April 2006                                               
Strike Price        R210.00                                                     
Cover Ratio         40 Warrants exercisable into 1 Share                        
For further information contact:                                                
Standard Bank                                                                   
Tel 0800 111 780                                                                
Email: derivatives@standardbank.co.za                                           
Sponsor: Standard Bank                                                          
Date: 16/01/2006 12:06:10 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department