Standard Bank - Issue Of Two Variable Equity Securities

Standard Bank - Issue Of Two Variable Equity Securities                         
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
ISSUE OF TWO VARIABLE EQUITY SECURITIES                                         
Details of Instrument One:                                                      
       Underlying Instrument                 TOPI 40                            
            Issue size                       100 000                            
            Issue Price                    R 1,000.00                           
VES Style                      European                            

            Reset Date                      05-Sep-07                           
        Final Delivery Date                 05-Mar-15                           
           Initial Index                    22416.21                            
Floor as a %                     100.2506%                           

            Cap as a %                       104.51%                            
          Market Leverage                     175%                              
             Averaging            22/08/07; 29/08/07; 05/09/07                  
ISIN Code                    ZAE000093399                          

          JSE Short Name                    SBVES002                            
             JSE Code                        SBTPV2                             
              Sector                    Other Securities                        
Listing Date                     13-Mar-07                           

                                                                                
   Details of Instrument Two:                                                   
       Underlying Instrument                 TOPI 40                            
Issue size                       30 000                             

            Issue Price                    R 1,000.00                           
             VES Style                      European                            
            Reset Date                      05-Sep-07                           
Final Delivery Date                 05-Mar-15                           
           Initial Index                    22416.21                            
           Floor as a %                     97.7444%                            
            Cap as a %                       110.23%                            
Market Leverage                     100%                              
             Averaging            22/08/07; 29/08/07; 05/09/07                  
             ISIN Code                    ZAE000093407                          
          JSE Short Name                    SBVES003                            
JSE Code                        SBTPV3                             

              Sector                    Other Securities                        
           Listing Date                     13-Mar-07                           
                                                                                
The Issuer Services Division of the JSE Limited ("JSE") has approved the listing
of the abovementioned Variable Equity Security and trading will commence on 13  
March 2007.                                                                     
This issue was done as a private placement with the full allotment being taken  
up by one counterparty.                                                         
All trading will occur according to normal JSE Rules.                           
Settlement will be effected electronically through STRATE.                      
3 Simmonds Street                                                               
Johannesburg                                                                    
2001                                                                            
For further information contact:                                                
Standard Bank Equity Derivatives                                                
Tel 011 378 7131                                                                
Sponsor                                                                         
Corporate and Investment Banking ("CIB")                                        
(A division of The Standard Bank of South Africa Limited)                       
(Registration number 1962/000738/06)                                            
Date: 13/03/2007 08:15:03 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.