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 Warrants Listed Over Impala Platinum Holdings   
Limited                                                                         
PRESS ANNOUNCEMENT                                                              
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK WARRANTS LISTED    
OVER IMPALA PLATINUM HOLDINGS LIMITED                                           
Prior Terms                                                                     
JSE      Exercise   Conversion    Expiry       Exercise Style  ISIN CODES       
Code     Price      Ratio                                                       
IMPSBA   R1200.00   350 for 1     05/12/2006   American Call   ZAE000081659     
IMPSBB   R1400.00   450 for 1     05/01/2007   American Call   ZAE000083390     
IMPSBC   R1450.00   350 for 1     05/04/2007   American Call   ZAE000085908     
IMPSBU   R1175.00   300 for 1     07/02/2007   American Call   ZAE000084554     
Following Impala Platinum Holdings Limited ("IMP") announcement of a 8 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      Exercise   Conversion    Expiry       Exercise Style  ISIN CODES       
Code     Price      Ratio                                                       
IMPSBA   R150.00    43.75 for 1   05/12/2006   American Call   ZAE000081659     
IMPSBB   R175.00    56.25 for 1   05/01/2007   American Call   ZAE000083390     
IMPSBC   R181.25    43.75 for 1   05/04/2007   American Call   ZAE000085908     
IMPSBU   R146.88    37.50 for 1   07/02/2007   American Call   ZAE000084554     
The JSE Limited ("the JSE") Issuer Services Division has approved the adjustment
of the above-mentioned warrants, and the adjustments will be effective from 6   
November 2006.                                                                  
Date: 02/11/2006 05:45:26 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department