STANDARD BANK GROUP LIMITED - Cautionary Announcement

Cautionary Announcement

Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
South African Share Code: SBK
ISIN: ZAE000109815
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
Namibian Share Code: SNB
ISIN: ZAE000109815
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")

Cautionary announcement

Shareholders are advised that Standard Bank Group is engaged in discussions relating to
the potential disposal of a controlling stake in its global markets business outside Africa. The
principal legal entity that would form part of a transaction is Standard Bank Plc, the group’s
London banking operation. Such a transaction, should it be concluded, would result in the
Standard Bank Group retaining a minority shareholding interest sufficient to maintain the
continuity of access to this business for the group’s African network and clients.

These negotiations, if successfully concluded, may have an effect on the price of the group’s
securities. Accordingly, shareholders are advised to exercise caution when dealing in the
group’s securities until a further announcement is made.


Johannesburg
8 November 2013


Investment Bank and Sponsor
Standard Bank


Independent sponsor
Deutsche Securities (SA) Proprietary Limited

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