Results of the capitalisation issue with respect to the election for capitalisation shares instead of a cash dividen 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 INSTEAD OF A CASH DIVIDEND Standard Bank Group ordinary shareholders (“Shareholders”) are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on Friday, 5 April 2013 and published in the press on Monday, 8 April 2013, 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”) instead 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 2.04838 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. 10,281,204 new Ordinary Shares were issued today to 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 R1,028,120.40. This represents a rate of election to receive Capitalisation Shares of 31.2% of the total shares in issue recorded in the register of the Company at the close of business on Friday, 19 April 2013 (“the Record Date”). Shareholders recorded in the register of the Company on the Record Date holding 1,106,262,099 Ordinary Shares were paid the gross Cash Dividend of 243 cents per Ordinary Share, from which applicable taxes were withheld. The total gross Cash Dividend of R2,688,216,900.57 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 22 April 2013 Lead Sponsor The Standard Bank of South Africa Limited Joint sponsor Deutsche Securities (SA) Proprietary Limited Sponsor in Namibia Simonis Storm Securities (Proprietary) Limited, member of the Namibian Stock Exchange Date: 22/04/2013 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.