Update on the group's performance for the four months to 30 April and capital adequacy disclosure at 31 March Standard Bank Group Limited Registration No. 1969/017128/06 Incorporated in the Republic of South Africa JSE share code: SBK ISIN: ZAE000109815 NSX share code: SNB NSX share code: SNB ZAE000109815 SBKP ZAE000038881 (First preference shares) SBPP ZAE000056339 (Second preference shares) JSE bond codes: SBS, SBK, SBN, SBR, ETN series SSN series and CLN series (all JSE listed bonds issued in terms of The Standard Bank of South Africa Limited’s Domestic Medium Term Note Programme and Credit Linked Note Programme) (“Standard Bank Group” or “the group”) Update on the group's performance for the four months to 30 April 2013 and capital adequacy disclosure at 31 March 2013 1. Update on the group's performance for the four months to 30 April 2013 At the annual general meeting to be held later today, joint group chief executives Ben Kruger and Sim Tshabalala will refer to this update regarding the group's performance for the first four months of 2013 in comparison with the same period for 2012. Banking activities Net interest income continues to be supported by higher average balances flowing from balance sheet growth in 2012 and positive re-pricing in Personal & Business Banking products. Despite credit impairments increasing, net interest income after impairments represents pleasing growth over 2012. Non-interest revenue growth has been affected by the non-recurrence of certain large fair value gains recorded in 2012, but fees and commissions and trading income have recorded positive growth in the period. Costs continue to be affected by the continued weakness in the rand and the increase in costs was broadly in line with the increase in risk-adjusted total income (i.e. after accounting for credit impairments). Liberty Holdings Limited (“Liberty”) Shareholders are referred to the Liberty operational update on 17 May 2013 wherein, referring to the first quarter of 2013, the following comments were included: “The performance of the group for the three months to 31 March 2013 reflects continued sales momentum in the Retail SA business, strong cash inflows, and a good overall operational performance from the rest of the group’s businesses. Returns on the shareholder investment portfolio benefited from positive investment markets and good tactical asset allocation.” 2. Basel III capital adequacy disclosure at 31 March 2013 In terms of the Basel III requirements under Regulation 43(1)(e)(ii) of the regulations relating to banks, minimum disclosure on the capital adequacy of the group is required on a quarterly basis. This announcement meets the ongoing reporting requirement for quarterly disclosure in terms of Pillar 3 of the Basel III capital accord. Standard Bank Group Standard Bank Group remained well capitalised as at 31 March 2013 under Basel III rules with a total capital adequacy of 14.0% and primary capital adequacy of 11.1% (31 December 2012 Basel III pro-forma total capital adequacy of 14.1% and primary capital adequacy of 11.0%), significantly exceeding minimum regulatory requirements and revised Basel III internal targets. March 2013 Note Rm Ordinary share capital and premium 18 146 Ordinary shareholders' reserves 1 95 109 Minority interest 3 226 Regulatory deductions against primary capital (23 917) Non-qualifying reserves (1 352) Common equity tier 1 capital 91 213 Unappropriated Profit (10 881) Common equity tier 1 capital excluding unappropriated 80 332 profit Additional tier 1 instruments 4 945 Primary capital 85 277 Subordinated debt 23 748 Secondary unimpaired reserve funds 834 Secondary capital 24 582 Total qualifying capital 109 859 Total minimum regulatory capital requirement 2 82 080 Credit Risk 55 086 Counterparty Credit Risk 5 263 Equity Risk 1 997 Market Risk 6 742 Operational Risk 10 965 Threshold items 2 028 Capital Adequacy Ratio (excl unappropriated profit) Total capital adequacy ratio (%) 12.7 Primary capital adequacy ratio (%) 9.9 Capital Adequacy Ratio (incl unappropriated profit) Total capital adequacy ratio (%) 14.0 Primary capital adequacy ratio (%) 11.1 Note: 1. Ordinary shareholders' reserves include unappropriated profits. 2. Total minimum capital requirement calculated at 9.5% is comprised of Pillar 1 at 8% and Pillar 2a at 1.5% and excludes bank specific add-ons and capital floors. The Standard Bank of South Africa Limited and its subsidiaries (“SBSA”) SBSA remained well capitalised as at 31 March 2013 with a total capital adequacy of 14.2% and primary capital adequacy of 11.1% (December 2012 Basel III pro-forma total capital adequacy of 13.8% and primary capital adequacy of 10.6%), significantly exceeding minimum regulatory requirements and revised Basel III internal targets. March 2013 Note Rm Primary capital 1 51 314 Secondary capital 16 432 Total qualifying capital 67 746 Unappropriated Profit 6 904 Total minimum regulatory capital requirement 2 50 007 Credit Risk 38 145 Counterparty Credit Risk 1 795 Equity Risk 1 233 Market Risk 1 766 Operational Risk 6 685 Threshold items 383 Capital Adequacy Ratio (excl unappropriated profit) Total capital adequacy ratio (%) 12.9 Primary capital adequacy ratio (%) 9.7 Capital Adequacy Ratio (incl unappropriated profit) Total capital adequacy ratio (%) 14.2 Primary capital adequacy ratio (%) 11.1 Note: 1. Primary capital excludes unappropriated profits. 2. Total minimum capital requirement calculated at 9.5% is comprised of Pillar 1 at 8% and Pillar 2a at 1.5% and excludes bank specific add-ons and capital floors. The information contained in this announcement has not been reviewed by or reported on by Standard Bank Group's external auditors. Johannesburg 30 May 2013 Lead sponsor The Standard Bank of South Africa Limited Independent sponsor Deutsche Securities (SA) Proprietary Limited Date: 30/05/2013 08:00:00 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.