SBK - Standard Bank Group Limited - Resignation of director

SBK - Standard Bank Group Limited - Resignation of director                     
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")                                          
RESIGNATION OF DIRECTOR                                                         
It is with regret that the board accepts the resignation of Rick Menell with    
immediate effect. He was appointed to the boards of The Standard Bank of South  
Africa Limited in 1995 and Standard Bank Group in 1997. Mr Menell has accepted  
a role within the financial services sector which would result in conflicts of  
interest.                                                                       
Mr Menell has been a valued independent board member and member of the          
Remuneration and Risk and Capital Management Committees. The chairman and boards
are highly appreciative of the contribution he has made during his time with the
group and wish him well in his future endeavours.                               
Fred Phaswana                                                                   
Chairman                                                                        
Standard Bank Group                                                             
Johannesburg                                                                    
4 February 2011                                                                 
Lead sponsor                                                                    
Standard Bank                                                                   
Independent sponsor                                                             
Deutsche Securities (SA) Proprietary Limited                                    
Date: 04/02/2011 09:26:01 Supplied by www.sharenet.co.za                     
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