The Standard Bank - Adjustments To The Terms And Conditions Of The Standard

The Standard Bank - Adjustments To The Terms And Conditions Of The Standard     
                     Bank Kumba Resources Limited Turbo Share Instalment        
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK KUMBA RESOURCES    
LIMITED TURBO SHARE INSTALMENT                                                  
Prior Terms                                                                     
ISIN          JSE Code   Exercise   Conversion   Expiry      Exercise Style     
                       Price      Ratio                                         
ZAE000084422  KMBSTA     100.00     1for1        12-Sep-07   American Call      
New Terms                                                                       
ISIN          JSE Code   Exercise   Conversion   Expiry      Exercise Style     
                       Price      Ratio                                         
ZAE000084422  KMBSTA     30.82      1for1        12-Sep-07   American Call      
              KIOSTA     69.18      1for1        12-Sep-07   American Call      
Following the Kumba Resources Limited ("KMB") unbundling announcement, KMBSTA   
holders will receive 1 Kumba Iron Ore Ltd. ("KIO") turbo instalment for every 1 
KMBSTA held.                                                                    
Holders of 1 KMBSTA prior to the unbundling will continue holding 1 KMBSTA and  
will receive 1 KIOSTA post the unbundling. The terms of the 1 KMBSTA have been  
adjusted so that the financial position of the instalment holders is equivalent 
to that prior the unbundling.                                                   
The split to the holders will occur on Wednesday the 22nd November.  The strike 
adjustments will be effective from the 21st November.                           
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of   
the above-mentioned turbo instalments.                                          
21 November 2006                                                                
Date: 21/11/2006 01:26:31 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department