SBK/SNB - Standard Bank Group - Benefits to be derived from the strategic

SBK/SNB - Standard Bank Group - Benefits to be derived from the strategic       
partnership                                                                     
Standard Bank Group Limited                                                     
Incorporated in the Republic of South Africa                                    
Registration number 1969/017128/06                                              
JSE Share code: SBK                                                             
NSX Share code: SNB                                                             
ISIN: ZAE000057378                                                              
("Standard Bank Group")                                                         
BENEFITS TO BE DERIVED FROM THE STRATEGIC PARTNERSHIP                           
Further to the Standard Bank Group announcement dated 25 October 2007, in       
which shareholders were advised that Standard Bank Group and Industrial and     
Commercial Bank of China Limited ("ICBC") had, on 25 October 2007, concluded    
agreements to form a strategic partnership, shareholders are advised that       
negotiations between Standard Bank Group and ICBC have been ongoing             
regarding the specific areas of business co-operation between the partners.     
At the investor presentation to be held at 10:00 at the Cape Town               
International Conference Centre on Friday, 23 November 2007, Standard Bank      
Group and ICBC management, will expand on the strategic rationale of the        
transaction and provide further information on the proposed strategic co-       
operation between Standard Bank Group and ICBC, including estimates of the      
incremental earnings expected to be derived by Standard Bank Group from the     
business co-operation to be undertaken with ICBC.                               
The presentation will be broadcast live on Summit TV together with a            
conference call and a live webcast on the Standard Bank Group website, at       
http://www.standardbank.co.za/site/investor/Investor_relations_announcement.    
html                                                                            
The full text of the presentation will be available on the Standard Bank        
Group website at the address indicated above from 09:30 on Friday, 23           
November 2007.                                                                  
Johannesburg                                                                    
22 November 2007                                                                
Investment bank and joint sponsor to Standard Bank Group                        
Standard Bank                                                                   
Independent sponsor to Standard Bank Group                                      
Deutsche Securities (SA) (Proprietary) Limited                                  
Sponsor to Standard Bank Group in Namibia                                       
Simonis Storm Securities (Proprietary) Limited                                  
Date: 22/11/2007 14:00:07 Supplied by www.sharenet.co.za                     
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