Standard Bank Group Limited - Tier II Bond Issue By SBSA

     Standard Bank Group Limited - Tier II Bond Issue By SBSA                   
     Standard Bank Group Limited                                                
     Incorporated in the Republic of South Africa                               
Registration number: 1969/017128/06                                        
     JSE Share code: SBK                                                        
     Namibian Share code: SNB                                                   
     ISIN: ZAE000057378                                                         
The Standard Bank of South Africa Limited (SBSA) today launched two        
     subordinated unsecured bonds callable on 10 April 2013 and 10 April 2018   
     totaling R3 billion.  Both bonds which qualify as regulatory Tier II       
     capital were issued to maintain SBSA"s capital adequacy at a prudent level 
considering robust growth in assets.                                       
     The bonds were placed by Standard Bank Corporate and Investment Banking and
     Deutsche Bank and will be listed on the Bond Exchange of South Africa.     
     Details of the bond issues are:                                            
SBK8                                                                       
     .    (Launch Date: 5 April 2006                                            
     .    Settlement Date: 10 April 2006                                        
     .    Bond Exchange Code: SBK8                                              
.    Nominal: R1.5 billion                                                 
     .    Maturity Date: 10 April 2018                                          
     .    Coupon: Fixed at 8.20% until 10 April 2013, thereafter floating at 3- 
          month JIBAR plus 150bps until maturity                                
.    Issuer"s call: 10 April 2013 or any interest payment date thereafter  
          at the nominal amount, subject to the prior written approval by the   
          Registrar of Banks                                                    
     .    Status: Subordinated, qualifying Tier II capital issue                
.    Law: South African                                                    
     .    Denominations: R1 million                                             
     .    Placement Agents: The Standard Bank of South Africa Limited and       
          Deutsche Bank                                                         
.    Underwriter: Deutsche Securities                                      
     SBK9                                                                       
     .    Launch Date: 5 April 2006                                             
     .    Settlement Date: 10 April 2006                                        
.    Bond Exchange Code: SBK9                                              
     .    Nominal: R1.5 billion                                                 
     .    Maturity Date: 10 April 2023                                          
     .    Coupon: Fixed at 8.40% until 10 April 2018, thereafter floating at 3- 
month JIBAR plus 168bps until maturity                                
     .    Issuer"s call: 10 April 2018 or any interest payment date thereafter  
          at the nominal amount, subject to the prior written approval by the   
          Registrar of Banks                                                    
.    Status: Subordinated, qualifying Tier II capital issue                
     .    Law: South African                                                    
     .    Denominations: R1 million                                             
     .    Placement Agents: The Standard Bank of South Africa Limited and       
Deutsche Bank                                                         
     .    Underwriter: Deutsche Securities                                      
     For further information please contact:                                    
     Norbert Hoffmann, Director, Group Capital Management, Tel: 011 636 3712; E-
mail:  norbert.hoffmann@standardbank.co.za                                 
     Simon Ridley, Chief Financial Officer, Tel: 011 636 3756; E-mail:          
     simon.ridley@standardbank.co.za                                            
Date: 05/04/2006 03:05:38 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department