Standard Bank - Adjustments to the terms and conditions of the Standard Bank

Standard Bank - Adjustments to the terms and conditions of the Standard Bank    
                Warrants listed over Investec Plc                               
PRESS ANNOUNCEMENT                                                              
The Standard Bank of South Africa Limited                                       
Share Code: INPSBF                                                              
ISIN Code:  ZAE000082954                                                        
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK WARRANTS LISTED    
OVER INVESTEC PLC                                                               
Prior Terms                                                                     
JSE Code       Exercise       Conversion       Expiry      Exercise Style       
               Price          Ratio                                             
INPSBF         R375.00        90 for 1         05/12/2006  American Call        
Following the Investec plc ("INP") announcement of a 5 for 1 share split, the   
Issuer will amend the Terms and Conditions in the following way to ensure that  
the financial position of the warrant holder is unprejudiced.                   
New Terms                                                                       
JSE Code       Exercise       Conversion       Expiry      Exercise Style       
               Price          Ratio                                             
INPSBF         R75.00         18 for 1         05/12/2006  American Call        
The JSE Limited ("the JSE") Issuer Services Division has approved the adjustment
of the above-mentioned warrants, and the adjustments will be effective from 4   
September.                                                                      
Date: 05/09/2006 01:16:09 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department