Sharenet Sites 
Sharenet Sites
SBK - Standard Bank Group Limited - Announcement Of Scrip Distribution Ratio 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: ZAE000109815 ("Standard Bank Group" or "the Company") ANNOUNCEMENT OF SCRIP DISTRIBUTION RATIO Standard Bank Group ordinary shareholders were notified of the payment of a scrip distribution in the announcement of the Company`s annual results for the year ended 31 December 2008, which was released on the Securities Exchange News Service ("SENS") of the JSE Limited ("JSE") on Thursday, 5 March 2009 and published in the South African and Namibian press on Friday, 6 March 2009. Standard Bank Group ordinary shareholders are hereby advised that the volume weighted average price of the Company`s ordinary shares on the JSE during the five-day trading period ended Thursday, 19 March 2009 was 7 741 cents. Accordingly, the number of Standard Bank Group ordinary shares to which Standard Bank Group ordinary shareholders participating in the scrip distribution will be entitled, will be determined in the ratio that 193 cents multiplied by 1,05 bears to 7 741 cents which equates to 26,17879 new ordinary shares per every 1 000 ordinary shares held. Trading in the Strate environment does not permit fractions and fractional entitlements. Accordingly, where a Standard Bank Group ordinary shareholder`s entitlement to new Standard Bank Group ordinary shares calculated in accordance with the above formula gives rise to a fraction of a new Standard Bank Group ordinary share, such fraction of a new Standard Bank Group ordinary share will be rounded up to the nearest whole number where the fraction is greater than or equal to 0,5 and rounded down to the nearest whole number where the fraction is less than 0,5. Example of calculation of the scrip dividend entitlement: This example assumes that a Standard Bank Group ordinary shareholder holds 1 000 Standard Bank Group ordinary shares on the record date and does not elect the cash dividend. New ordinary share entitlement = 1 000 x 193 cents x 1,05 / 7 741 cents = 26,17879 new ordinary shares Standard Bank Group ordinary shareholders who wish to receive the cash dividend of 193 cents per Standard Bank Group ordinary share in respect of all or part of their shareholding must elect to do so in accordance with the provisions of the circular and form of election which was posted to Standard Bank Group ordinary shareholders on Monday, 9 March 2009. The form of election must be properly completed and lodged with, or posted to, the transfer secretaries of the Standard Bank Group at the appropriate addresses indicated in the circular mentioned above so as to reach them by no later than 12:00 on Friday, 3 April 2009. Late forms of election will not be accepted. A further announcement will be made on or about Monday, 6 April 2009 in respect of the results of the scrip distribution. Johannesburg 20 March 2009 Lead sponsor STANDARD BANK Legal adviser BOWMAN GILFILLAN ATTORNEYS Independent sponsor DEUTSCHE BANK Deutsche Securities (SA) (Proprietary) Limited (A non-bank member of the Deutsche Bank Group) Sponsor in Namibia SIMONIS STORM Securities Date: 20/03/2009 14:37:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
