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 announcements of 1 November and 5 November 2006 regarding  
the intended private placement of between R500 million and R1 billion non-      
redeemable, non-cumulative preference shares, Standard Bank Group is pleased to 
announce that applications totalling R1 017 million have been received.         
Subject to the JSE Limited granting a listing for these shares, Standard Bank   
aims to allocate all applications in full.                                      
A further formal announcement regarding the results of the private placement    
will be published in due.course                                                 
1 December 2006                                                                 
For further information please contact                                          
Norbert Hoffmann (Director: Group Capital Management) tel 011 636 3712; e-mail: 
norbert.noffmann@standardbank.co.za or Simon Ridley, Chief Financial Officer,   
tel 011 636 3756; e-mail: simon.ridley@standardbank.co.za.                      
Date: 01/12/2006 05:20:12 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department