Standard Bank Group Limited - Retail Deposit Note Issue By SBSA

     Standard Bank Group Limited - Retail Deposit Note 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                                                         
12 SEPTEMBER 2006                                                          
     The Standard Bank of South Africa Limited ("SBSA") has today placed a R350 
     million retail deposit note due 15 September 2011.                         
     The five-year note yields a floating quarterly coupon of 3-month Jibar +   
0.15%.                                                                     
     The note was placed by Standard Bank Corporate and Investment Banking.     
     The issue will be listed on the JSE Limited and the Bond Exchange of South 
     Africa but will only trade on the JSE Limited.  Details of the issue are:  
*    Launch date: 12 September 2006                                        
     *    Settlement date: 15 September 2006                                    
     *    Nominal: R350 million                                                 
     *    Maturity date: 15 September 2011                                      
*    Coupon: 3-month Jibar + 0.15% payable quarterly                       
     *    Status: SBSA deposit (senior debt)                                    
     *    Listing: JSE and BESA (code SBR002)                                   
     *    Trading: JSE                                                          
*    ISIN: ZAE000083853                                                    
     *    Market maker: Standard Bank                                           
     *    Law: South African                                                    
     *    Denominations: R100                                                   
*    Sole lead manager: The Standard Bank of South Africa                  
          LimitedJohannesburg12 September 2006Sponsor: Standard BankFor further 
          information, please contact:                                          
          Graham Everett (Money Market) tel 011 378 8707; e-mail:               
Graham.Everett@standardbank.co.zaDavid Rajak (Global Markets) tel 011 
          378 7241; e-mail: David.Rajak@standardbank.co.zaAnn Hunter (Primary   
          Markets) tel 011 378 7005; e-mail Ann.Hunter@standardbank.co.za       
Date: 12/09/2006 05:33:33 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department