Standard Bank of South Africa Limited - Adjustments to the terms and

     Standard Bank of South Africa Limited - Adjustments to the terms and       
     conditions of the Standard Bank Impala Platinum Holdings Limited share     
     instalment                                                                 
PRESS ANNOUNCEMENT                                                         
     The Standard Bank of South Africa Limited                                  
     Adjustments to the terms and conditions of the Standard Bank Impala        
     Platinum Holdings Limited share instalment                                 
Prior Terms                                                                
     JSE Code  Exercise  Conversion   Expiry      Exercise    ISIN Codes        
               Price     Ratio                    Style                         
     IMPSIB    R470.00   1 for 1      22/12/2006  American    ZAE000075925      
Call                          

     Following Impala Platinum Holdings Limited ("IMP") announcement of a 8 FOR 
     1 share split of IMP, the Issuer will amend the Terms and Conditions in the
     following way:                                                             
The Adjustments                                                            
     On the 6TH  November 2006, a new Exercise Price will be calculated, so that
     the effect of the adjustments will be that:                                
     The New Strike Price = (Old Strike/8)                                      
The conversion ratio will not change, but there will rather be an          
     instalment split, whereby the holder of 1 IMPSIB share instalment will be  
     converted to 8 share instalments.                                          
     Example                                                                    
Before the adjustment the holder of 1 IMPSIB Share Instalment, had the     
     right to purchase 1 IMP share at an Exercise Price of R470.00 per share, a 
     total cash outlay of R470.00 per instalment.                               
     After the adjustment, a holder of 8 IMPSIB (previously 1) Share            
Instalments, will have the right to purchase 8 IMP shares at an Exercise   
     Price of R58.75, a total cash outlay of R470.00 per 8 instalments          
     New Terms                                                                  
     JSE Code  Exercise    Conversi Expiry        Exercise    ISIN Codes        
Price       on Ratio               Style                         

     IMPSIB    R58.75      1 for 1  22/12/2006    American    ZAE000075925      
                                                  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 6 November 2006.                                            
Date: 02/11/2006 05:47:18 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department