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SBK - Standard Bank Group Limited - Appointment of Chairman-elect

Release Date: 13/11/2009 08:55
Code(s): SBK
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SBK - Standard Bank Group Limited - Appointment of Chairman-elect 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 Group") APPOINTMENT OF CHAIRMAN-ELECT Derek Cooper, who has been Chairman of Standard Bank since January 2001, reaches retirement age and will be stepping down from the board of directors of Standard Bank Group ("the Board") after the Annual General Meeting in May 2010. The Board is pleased to announce that Mr Tshamano Mohau Frederik ("Fred") Phaswana has agreed to accept the Chairmanship of the Standard Bank Group on Derek Cooper`s retirement and will, subject to regulatory approval, be joining the Standard Bank Group and The Standard Bank of South Africa Limited Boards. Both Saki Macozoma and Kaisheng Yang will continue as joint Deputy Chairmen of the Group. Fred Phaswana, 65, currently chairs Anglo American South Africa, Anglo Platinum Limited and Ethos Private Equity Limited and serves on the boards of Brimstone Investment Corporation Limited, Naspers Investments Limited and Media24 Limited. In addition he chairs the South Africa Institute of International Affairs and serves as an Advisor to the Prince of Wales Business and Environment Programme. He was previously Regional President of BP Africa, chaired Transnet Limited, the South African National Energy Association and the Cape Town Graduate School of Business Advisory Board, and held directorships in the World Wildlife Fund South Africa and the Cape Town Press Club. He will review his current commitments in the light of his pending Chairmanship of the Standard Bank Group. Johannesburg 13 November 2009 Sponsor Standard Bank Independent sponsor Deutsche Securities (SA) (Proprietary) Limited Conference call Derek Cooper and Fred Phaswana will be hosting a conference call today at 11h30 AM (GMT +2) for interested parties. A recorded version of the conference call will be available for 72 hours after the live call. Dial in numbers: South Africa Toll +27 11 535 3600 Toll-free 0800 200 648 UK Toll-free 0800 917 7042 PLAYBACK - Code 2670# South Africa & Other +27 11 305 2030 UK 0808 234 6771 Date: 13/11/2009 08:55:02 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.

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