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STANDARD BANK GROUP LIMITED - Results of The Capitalisation issue with respect to election for Capitalisation shares in Lieu of a cash dividend

Release Date: 17/09/2012 11:25
Code(s): SBK     PDF:  
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Results of The Capitalisation issue with respect to election for Capitalisation shares in Lieu of a cash dividend

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 CAPITALISATION ISSUE WITH RESPECT TO THE ELECTION FOR
CAPITALISATION SHARES IN LIEU OF A CASH DIVIDEND

Standard Bank Group ordinary shareholders (“Shareholders”) are referred to
the announcement released on the Securities Exchange News Service of the JSE
Limited on Friday, 31 August 2012 and published in the press on Monday,
3 September 2012, regarding the capitalisation issue ratio with respect to
the election to receive capitalisation shares (“Capitalisation Shares”) in
terms of a capitalisation issue (“the Capitalisation Issue”) in lieu of a
cash dividend (“the Cash Dividend”).

As set out in that announcement, the number of Capitalisation Shares to which
Shareholders participating in the Capitalisation Issue would become entitled
was determined in the ratio of 1,90264 new Standard Bank Group ordinary
shares (“Ordinary Shares”) for every 100 Ordinary Shares held. Where a
Shareholder`s entitlement to Capitalisation Shares, calculated in accordance
with the above ratio, gave rise to a fraction of a new Ordinary Share, such
fraction of a new Ordinary Share was rounded up to the nearest whole number
where the fraction was greater than or equal to 0,5 and rounded down to the
nearest whole number where the fraction was less than 0,5.

12 041 298 new Ordinary Shares were issued today to the 39.8% of Shareholders
who elected to receive Capitalisation Shares in terms of the Capitalisation
Issue, resulting in a capitalisation out of the share premium of the Company
of R 1 204 129.80. Shareholders recorded in the register of the Company at
the close of business on 14 September 2012 holding 960 292 054 Ordinary
Shares received the gross Cash Dividend of 212 cents per Ordinary Share,
resulting in a total Cash Dividend of R 2 035 819 154.48, which was paid out
of the profits of the Company.

Share certificates and dividend cheques, where applicable, were dispatched to
certificated Shareholders at their own risk, and the Central Securities
Depository Participant/broker accounts of dematerialised Shareholders were
credited, today.

Johannesburg
17 September 2012

Lead Sponsor
The Standard Bank of South Africa Limited

Joint sponsor
Deutsche Securities (SA) Proprietary Limited

Sponsor in Namibia
Simonis Storm Securities Proprietary Limited

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