STANDARD BANK GROUP LIMITED - Completion of the disposal by Standard Bank Group of its Brazilian banking subsidiary

Completion of the disposal by Standard Bank Group of its Brazilian banking subsidiary

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
(“Standard Bank Group” or “the group”)

ANNOUNCEMENT REGARDING THE COMPLETION OF THE DISPOSAL BY STANDARD BANK
GROUP OF ITS BRAZILIAN BANKING SUBSIDIARY

Standard Bank Group Limited has completed the sale of 100% of the shares in its Brazilian banking
subsidiary, Banco Standard de Investimentos S.A. (“BSI”) to Banco Inbursa, S.A Institucion de Banca
Multiple, Grupo Financiero Inbursa, the listed Mexican banking group (the “Transaction”).

The Transaction proceeds are expected to total approximately USD 50 million; the majority of which
has been received. The final proceeds of the Transaction will be calculated with reference to the net
asset value of BSI and remain subject to finalization. BSI will be renamed in the near future.

Standard Bank Group remains committed to its model of linking Brazilian clients to investment and
trade opportunities in Africa and it has opened a representative office in Brazil from which it continues
to service these clients.

Johannesburg

17 April 2015

Lead sponsor
The Standard Bank of South Africa Limited

Independent sponsor
Deutsche Securities (SA) Proprietary Limited

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