SBK - Standard Bank Group Limited - Trading statement

SBK - Standard Bank Group Limited - Trading statement                           
Standard Bank Group Limited                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number 1969/017128/06)                                            
South African Share Code: SBK                                                   
Namibian Share Code: SNB                                                        
ISIN: ZAE000109815                                                              
("Standard Bank Group" or "the group")                                          
Trading statement in respect of the six months ended 30 June 2010               
Standard Bank Group will be releasing its interim results on 12 August 2010     
on the Stock Exchange News Service (SENS). The group`s subsidiary, Liberty      
Holdings Limited ("Liberty"), reported interim results on SENS earlier          
today. Given the large turnaround in Liberty`s earnings for the period, and     
the effect this has on the group`s results, a voluntary trading statement       
for the group is provided below.                                                
Shareholders are advised that Standard Bank Group`s earnings per share          
(EPS), headline earnings per share (HEPS) and diluted HEPS are expected to      
be between 6% and 12% higher than 1H09, calculated on a normalised basis. On    
an International Financial Reporting Standards basis, Standard Bank Group`s     
EPS, HEPS and diluted HEPS are expected to be between 9% and 15% higher than    
1H09.                                                                           
Normalised earnings reflect the legal and economic substance of the group`s     
Black Ownership Initiative; and deemed treasury shares held for the benefit     
of Liberty policyholders and to facilitate client trading activities.           
The financial information on which this trading statement is based has not      
been reviewed or reported on by the group`s external auditors.                  
Johannesburg                                                                    
5 August 2010                                                                   
Lead sponsor                                                                    
Standard Bank                                                                   
Independent sponsor                                                             
Deutsche Securities (SA) Proprietary Limited                                    
Date: 05/08/2010 17:30:03 Supplied by www.sharenet.co.za                     
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