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SBK - Standard Bank Group Appoints Three Deputy Chief Executives 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") STANDARD BANK GROUP APPOINTS THREE DEPUTY CHIEF EXECUTIVES Ben Kruger (49), Simpiwe (Sim) Tshabalala (41), and Peter Wharton-Hood (43) have been appointed Deputy Chief Executives of the Standard Bank Group.Tshabalala is currently Chief Executive of Standard Bank of South Africa (SBSA), while Kruger and Wharton-Hood are Group Chief Operating Officers. Apart from the Group Chief Executive Jacko Maree (53), Kruger, Wharton-Hood and Tshabalala are the most senior executives in the group. Kruger joined Standard Bank in 1985, Wharton-Hood in 1997 and Tshabalala in 2000. Says Maree: "Ben, Sim and Peter have increasingly shared with me the responsibility of managing and guiding an ever more complex and rapidly growing financial services group. These new titles reflect their increased responsibility. There will be no substantial changes to their current roles. We wish them well in their new positions and are confident that they will continue to contribute to the success of the Standard Bank Group, both locally and internationally." Ben Kruger: Kruger is Chairman of Corporate and Investment Banking`s (CIB) business around the world, including Standard Bank plc, the most significant banking entity in the group outside Africa. In addition, he chairs most of the senior executive committees responsible for the different risk disciplines across the group. Kruger is also a board member of Stanbic IBTC Bank in Nigeria. Sim Tshabalala: Tshabalala is the Chief Executive of SBSA, responsible for the group`s banking operations in South Africa. In addition, Tshabalala is accountable for building and managing all stakeholder relationships. This is critical for the sustainable growth of a group, which is rooted and headquartered within a very diverse society. He is also responsible for ensuring that the South African business is run as the platform from which the African and international businesses of the group can be built, and for sharing resources in the pursuit of the group`s overall strategy. Peter Wharton-Hood Wharton-Hood is Chairman of Personal and Business Banking`s (PBB) business across the world. He is also responsible for coordinating Global Wealth and Private Banking`s business. He is a member of the Liberty Holdings Board and Chairman of Standard Bank Offshore Group. Wharton-Hood is ultimately accountable for coordinating the activities of the group`s banking entities in the rest of Africa and aligning CIB, PBB and Wealth operations on the continent. He retains responsibility for Group IT and is also responsible for the efficient operation of the group`s various support functions. He is also a board member of Standard Bank Argentina. For more information contact: Erik Larsen Pres Relations Standard Bank +27 (0)11 636 7520 +27 (0)83 252 7678 erik.larsen@standardbank.co.za Date: 06/04/2009 09:50:36 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.
