Standard Bank Group Limited - Private Placement of Preference Shares

     Standard Bank Group Limited - Private Placement of Preference Shares       
     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                                                         
JSE Share code: SBPP                                                       
     ISIN: ZAE000056339                                                         
     PRIVATE PLACEMENT OF PREFERENCE SHARES                                     
     Pursuant to the SENS announcement of 1 November 2006 regarding the intended
private placement of non-redeemable, non-cumulative preference shares,     
     Standard Bank Group Limited is pleased to announce the following salient   
     terms:                                                                     
     1.   the shares will be issued at an issue price of R103.60 per share;     
2.   these shares will be entitled to dividends for the complete dividend  
          period from 1 July 2006 to 31 December 2006;                          
     3.   the shares are issued at an effective 70% of the Standard Bank prime  
          rate;                                                                 
4.   the minimum subscription for individual applicants acting in a        
          principal capacity is R100 077.60 (for the equivalent of 966 shares); 
     5.   applications for this private placement of preference shares may be   
          made through any stockbroker;                                         
6.   the placement closes on 1 December 2006; and                          
     7.   an application will be lodged with the JSE Limited to list the        
          preference shares issued pursuant to this private placement on 8      
          December 2006.                                                        
*    For further information please visit www.standardbank.co.za, e-mail   
          preferenceshares@standardbank.co.za or contact any of the following:  
     *    Online Share Trading at www.securities.co.za or on the helpline on    
          0860 121 161;                                                         
*    Standard Bank Financial Consultants on 011 636-4950;                  
     *    Standard Bank Debt Origination and speak to David Rajak on 011 378    
          7241, e-mail david.rajak@standardbank.co.za or Ann Hunter on 011 378  
          7005, e-mail ann.hunter@standardbank.co.za; or                        
*    Norbert Hoffmann (Director: Group Capital Management) on 011 636 3712 
          e-mail  norbert.hoffmann@standardbank.co.za                           
     15 November 2006                                                           
     Sponsor                                                                    
Standard Bank                                                              
Date: 15/11/2006 12:57:06 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department