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SBK - Standard Bank Group Limited - Results of the scrip distribution 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") RESULTS OF THE 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 were notified that the directors of Standard Bank Group had resolved to issue fully paid ordinary shares of 10 (ten) cents each in the Company as a scrip distribution, payable to Standard Bank Group ordinary shareholders recorded in the register of the Company on the record date, being Friday, 3 April 2009. Standard Bank Group ordinary shareholders were furthermore notified of the volume weighted average price and the ratio of the scrip distribution in an announcement which was released on SENS on Friday, 20 March 2009 and in the South African and Namibian press on Monday, 23 March 2009. In terms of the abovementioned announcements, Standard Bank Group ordinary shareholders were entitled, in respect of all or part of their shareholding, to elect to receive a cash dividend of 193 cents per Standard Bank Group ordinary share in lieu of the scrip distribution, failing which they would receive the scrip distribution. The last day to trade to participate in the scrip distribution was Friday, 27 March 2009. The number of Standard Bank Group ordinary shares to which Standard Bank Group ordinary shareholders participating in the scrip distribution would become entitled, was determined in the ratio that 193 cents multiplied by 1,05 bears to 7 741 cents, being 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, which equates to 26,17879 new ordinary shares for every 1 000 Standard Bank Group ordinary shares held on the record date, being Friday, 3 April 2009. Standard Bank Group ordinary shareholders holding 488 108 710 Standard Bank Group ordinary shares elected to receive the cash dividend of 193 cents per Standard Bank Group ordinary share, resulting in a total cash dividend of R942 049 810.30 being paid out of the profits of the Company. Accordingly, 27 188 622 Standard Bank Group ordinary shares were issued to Standard Bank Group ordinary shareholders in terms of the scrip distribution resulting in a capitalisation out of the share premium of the Company of R2 718 862.20. Share certificates and dividend cheques, where applicable, were dispatched to certificated shareholders at their risk and the Central Securities Depository Participant/broker accounts of dematerialised shareholders were credited today. Johannesburg 6 April 2009 Investment Bank and Lead Sponsor Standard Bank Independent Sponsor Deutsche Bank Deutsche Securities (SA) (Proprietary) Limited (A non-bank member of the Deutsche Bank Group) Legal adviser Bowman Gilfillan Attorneys Sponsor in Namibia Simonis Storm Securities Date: 06/04/2009 15:40:18 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.
