STANDARD BANK GROUP LIMITED - Announcement of the capitalisation issue ratio with respect to the election for capitalisation shares

Announcement of the capitalisation issue ratio with respect to the election for capitalisation shares

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")


ANNOUNCEMENT OF THE CAPITALISATION ISSUE RATIO WITH RESPECT TO THE
ELECTION FOR CAPITALISATION SHARES INSTEAD OF A CASH DIVIDEND


Standard Bank Group ordinary shareholders (“Shareholders”) are referred to the Company`s
audited results for the year ended 31 December 2012, as released on the Stock Exchange
News Service (“SENS”) of the JSE Limited ("JSE") on Thursday, 7 March 2013 and published in
the press on Friday, 8 March 2013, in which Shareholders were notified of the payment of a final
gross cash dividend of 243 cents per ordinary share (“the Cash Dividend”) to Shareholders
recorded in the register of the Company at the close of business on Friday,
19 April 2013. Shareholders have an option to elect to receive capitalisation shares
(“Capitalisation Shares”) instead of the Cash Dividend. Where Shareholders elect to receive
Capitalisation Shares this is defined as “the Capitalisation Issue”, to be determined by the ratio
that 243 cents bears to the volume weighted average price (“VWAP”) of the Company’s ordinary
shares (“Ordinary Shares”) on the exchange operated by the JSE during the five-day trading
period ending Thursday, 4 April 2013.

Shareholders are further referred to the circular to Shareholders issued on Friday, 22 March
2013 which included the full details of the Cash Dividend and the Capitalisation Issue (“the
Circular”).

Shareholders are hereby advised that the VWAP of the Ordinary Shares on the JSE during the
five-day trading period ended Thursday, 4 April 2013 was 11863.044 cents.

Accordingly, the number of Ordinary Shares to which Shareholders electing to participate in the
Capitalisation Issue will be entitled, is determined in the ratio that 243 cents bears to 11863.044
cents which equates to 2.04838 new Ordinary Shares for every 100 Ordinary Shares held.
Trading in the Strate Limited environment does not permit fractions and fractional entitlements.
Accordingly, where a Shareholder’s entitlement to new Ordinary Shares, calculated in
accordance with the above formula, gives rise to a fraction of a new Ordinary Share, such
fraction of a new 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 Capitalisation Issue entitlement:

       This example assumes that a Shareholder holds 100 Ordinary Shares on the record
       date and elects to receive Capitalisation Shares only.
       New Ordinary Share entitlement = 100 x 243 cents / 11863.044 cents = 2.04838 new
       Ordinary Shares, which in this example would be rounded down to 2 new Ordinary
       Shares.

Shareholders who wish to receive the Capitalisation Issue 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 Shareholders on Friday, 22 March 2013. The last day to elect to
receive the Capitalisation Issue instead of the Cash Dividend is by 12:00 South African time on
Friday, 19 April 2013, unless otherwise indicated by your Central Securities Depository
Participant or broker. Shareholders who wish to receive the Cash Dividend of 243 cents per
Ordinary Share need not take any action.

A further announcement will be made on or about Monday, 22 April 2013 in respect of the
results of the Capitalisation Issue.


Johannesburg
5 April 2013

Lead Sponsor
The Standard Bank of South Africa Limited

Independent Sponsor
Deutsche Securities (SA) Proprietary Limited

Sponsor in Namibia
Simonis Storm Securities (Proprietary) Limited, member of the Namibian Stock Exchange

Date: 05/04/2013 10:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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