STANDARD BANK GROUP LIMITED - Announcement regarding Standard Banks Brazilian banking subsidiary, Banco Standard De Investimentos S.A.

Announcement regarding Standard Bank’s Brazilian banking subsidiary, Banco Standard De Investimentos S.A.

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”)

ANNOUNCEMENT REGARDING STANDARD BANK’S BRAZILIAN BANKING SUBSIDIARY, BANCO
STANDARD DE INVESTIMENTOS S.A.

Standard Bank Group Limited has reached agreement with Grupo Financiero
Inbursa SAB, the listed Mexican banking group, (“Inbursa”) in terms of which
Inbursa will acquire Standard Bank’s Brazilian licensed banking subsidiary,
Banco Standard de Investimentos S.A. (“BSI”) for a price to be determined
with reference to the closing net asset value of BSI, which is currently
approximately US$45 million. The transaction is subject to regulatory
approvals in South Africa, Brazil and Mexico.

Standard Bank remains committed to its model of linking Brazilian clients
with both Africa and China, leveraging its relationship with the Industrial
and Commercial Bank of China, and will be making application for a
representative office in Brazil from which it will continue to service these
clients.

Johannesburg
17 March 2014

Investment Bank and Sponsor
Standard Bank

Independent sponsor
Deutsche Securities (SA) Proprietary Limited

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