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SBK - Standard Bank Group Limited - 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") SCRIP DISTRIBUTION RATIO Further to the announcement of the Company`s annual results for the year ended 31 December 2009, as released on the Securities Exchange News Service of the JSE Limited ("SENS") on Thursday, 4 March 2010 and published in the South African and Namibian press on Friday, 5 March 2010, in which Standard Bank Group ordinary shareholders were notified of the payment of a scrip distribution, Standard Bank Group ordinary shareholders are hereby advised that the volume weighted average price ("VWAP") of the Company`s ordinary shares on the JSE Limited ("JSE") during the five-day trading period ended Thursday, 8 April 2010 was 11 565 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, is determined in the ratio that 245 cents multiplied by 1,05 bears to 11 565 cents which equates to 22,24384 new ordinary shares per every 1 000 ordinary shares held. Trading in the Strate Limited 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 distribution 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 to receive the cash dividend alternative. New ordinary share entitlement = 1 000 x 245 cents x 1,05 / 11 565 cents = 22,24384 new Standard Bank Group ordinary shares Standard Bank Group ordinary shareholders who wish to receive the cash dividend of 245 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, 8 March 2010. A further announcement will be made on or about Monday, 26 April 2010 in respect of the results of the scrip distribution. Johannesburg 9 April 2010 Lead Sponsor Standard Bank Joint sponsor Deutsche Securities (SA) Proprietary Limited Sponsor in Namibia Simonis Storm Securities Date: 09/04/2010 11:00:01 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.
