Standard Bank Group - Results of a private placement of preference shares

     Standard Bank Group - Results of a private placement of preference shares  
     Standard Bank Group Limited                                                
     (Incorporated in the Republic of South Africa)                             
(Registration number 1969/017128/06)                                       
     (JSE share code: SBPP)                                                     
     (ISIN: ZAE000056339)                                                       
     ("Standard Bank Group")                                                    
RESULTS OF A PRIVATE PLACEMENT OF 9 824 353 NON-REDEEMABLE, NON-CUMULATIVE,
     NON-PARTICIPATING PREFERENCE SHARES ("PREFERENCE SHARES") ("PRIVATE        
     PLACEMENT")                                                                
     1. INTRODUCTION                                                            
Shareholders are referred to the announcements dated 1 November 2006 and 1 
     December 2006 relating to the private placement of preference shares       
     amounting to between R500 million and R1 billion during November and       
     December 2006.                                                             
2. RESULTS OF THE PRIVATE PLACEMENT                                        
     Standard Bank Group is pleased to announce that, in terms of the private   
     placement, 9 824 353 preference shares, at an aggregate value of R1 017 802
     970.80, were placed at a price of R103.60 per share, at an effective       
dividend rate of 70% of prime.                                             
     3. LISTING ON THE JSE LIMITED ("JSE")                                      
     The JSE has granted Standard Bank Group a listing of the 9 824 353         
     additional preference shares in the Specialist Securities - "Preference    
Shares" sector with effect from Friday, 8 December 2006.                   
     The preference shares will be allotted and issued, against receipt of      
     payment from their Central Securities Depository Participants, to          
     institutions who applied for preference shares, on Friday, 8 December 2006.
4. SUBCRIPTION FOR PREFERENCE SHARES BY DIRECTORS OF STANDARD BANK GROUP   
     In terms of section 3.63 of the JSE Listings Requirements, the following   
     directors participated in the private placement as set out below:          
     Name of directors   Number      of Aggregate           Nature of           
preference     value               holding             

                         shares         (R)                                     
     D D B Band*         19 320         2 001 552.00        Direct beneficial   
     M J D Ruck*         48 263         5 000 046.80        Direct beneficial   
* Non-executive director                                                   
     The required clearance in terms of section 3.66 of the JSE Listings        
     Requirements was obtained.                                                 
     Johannesburg                                                               
7 December 2006                                                            
     Investment bank and sponsor                                                
     Standard Bank                                                              
     Independent lead sponsor                                                   
Deutsche Securities (SA) (Proprietary) Limited                             
Date: 07/12/2006 03:26:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department