STANDARD BANK OF SOUTH AFRICA LD - SCIB: Adjustments to the terms and conditions of The Standard Bank Gold Fields Limited warrants

SCIB: Adjustments to the terms and conditions of The Standard Bank Gold Fields Limited warrants

The Standard Bank of South Africa Limited

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK GOLD FIELDS LIMITED WARRANTS

Following the Gold Fields Limited (“GFI”) announcement on 29 November 2012 and
10 January 2013 relating to the separate listing and unbundling of Sibanye Gold
Limited (“SGL”), Gold Fields will unbundle its interest in Sibanye Gold to
Shareholders. Each Shareholder will receive one Sibanye Gold share for each Gold
Fields share held.

Following this announcement, notice is hereby given that the Issuer will amend the
Terms and Conditions of the warrants. Warrant holders will not receive any shares but
the value of the SGL shares will be used to adjust the Strike and Conversion Ratio of
the warrants place the warrant holder in the same financial position they were prior to
the unbundling ex-date.

The following share warrants will be affected by this corporate action:

Existing Terms

                     JSE Code      Exercise Conversion       Expiry       Exercise Style
ISIN                                Price     Ratio
 ZAE000170932        GFISBM        R110.00        30       03-Apr-13       American Call

 ZAE000174280        GFISBN        R110.00        35       06-Aug-13       American Call

 ZAE000172466        GFISBQ        R100.00        30       07-May-13       European Put



New Terms

                     JSE Code      Exercise Conversion       Expiry       Exercise Style
ISIN                                Price     Ratio
 ZAE000170932        GFISBM        R95.80       26.12      03-Apr-13      American Call

 ZAE000174280        GFISBN        R95.80       30.48      06-Aug-13      American Call

 ZAE000172466        GFISBQ        R87.09       26.12      07-May-13      European Put



The Effective Date of the adjustment shall be at close of business on the 11th February
2013.

For further information contact:
Standard Bank Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Limited

The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the
above-mentioned Warrants.

This Notice together with the Common Terms Document and Conditions Annexure
record the terms and conditions of the agreement between the Parties. Any terms
used in this Notice which are defined in the Common Terms Document, Conditions
Annexure and the relevant Supplements shall bear the meaning ascribed to them
therein, unless specifically stated otherwise herein. Other than as set out herein, the
terms and conditions set out in the Common Terms Document, Conditions Annexure
and relevant Supplements remain unchanged and in full force and effect.

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