STANDARD BANK GROUP LIMITED - Retirement and appointment of non-executive directors

Retirement and appointment of non-executive directors

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 Company")


RETIREMENT AND APPOINTMENT OF NON-EXECUTIVE DIRECTORS

Standard Bank Group shareholders are advised that Deputy Chairman Hongli Zhang and Yagan
Liu have retired as non-executive directors of the board of directors of the Company (“the
Board”).

In their stead, the Company has appointed Messrs Yang Kaisheng and Wang Wenbin as non-
executive directors with immediate effect. Mr Yang Kaisheng has also been appointed as
Deputy Chairman. These appointments were effected in terms of an agreement between the
Industrial and Commercial Bank of China Limited (“ICBC”), a 20% shareholder in the Company
and Standard Bank Group, wherein ICBC is entitled to nominate two non-executive directors for
appointment to the Board, one of whom would serve as deputy chairman.

Mr. Yang joined ICBC in 1985 and served in several positions including as Deputy Chairman of
the Board of Directors, Executive Director and President of ICBC from October 2005 to May
2013, Chairman of the board of directors of ICBC Credit Suisse Asset Management Company
Limited from 2005 to 2010, Deputy Chairman of the board of directors and Non-Executive
Director of Standard Bank Group from 2008 to 2010.

Mr. Wang joined ICBC in 2000. He served as Senior Executive Vice President of ICBC Xi’an
Branch from November 2011 to September 2013. Mr. Wang previously served in several
positions in ICBC including Division Head of Network Management in Human Resource
Department, Division Head of Strategic Investment and IPO in Restructuring Office, Division
Head of Mergers and Acquisitions in Corporate Strategy and Investor Relations Department,
and Deputy General Manager of Corporate Strategy and Investor Relations Department.

The Board welcomes Messrs Yang Kaisheng and Wang Wenbin to the Group and further
expresses its appreciation to Messrs Hongli Zhang and Yagan Liu for their contribution to the
Standard Bank Group.

Johannesburg
16 January 2014
Lead Sponsor
The Standard Bank of South Africa Limited

Independent Sponsor
Deutsche Securities (SA) Proprietary Limited

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