Financial information provided to the Industrial and Commercial Bank of China Limited (“ICBC”) 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, SBC, SBAG1, SBAS1, SBAPL1, SBAPD1, SBAE, SBACRN, SBAWHT, SBACOP, SBAOIL, SBACI, 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 Structured Note Programme (formerly the Credit Linked Note Programme)) (“Standard Bank Group” or “the group”) Financial information provided to the Industrial and Commercial Bank of China Limited (“ICBC”) On a quarterly basis Standard Bank Group discloses to ICBC sufficient information to enable ICBC to equity account the group's results. Accordingly, the following consolidated financial information, prepared on an International Financial Reporting Standards basis, is being provided to ICBC for the three months ended 31 March 2015. Statement of changes in ordinary shareholders' equity for the three months ended 31 March 2015 Balance Earnings Other Balance at attributable movements at 1 January to ordinary for the 31 March Rm 2015 shareholders period 2015 Ordinary share 162 162 capital Ordinary share 17 905 17 905 premium Foreign currency 7 359 (3 588) 3 771 translation reserve (FCTR) FCTR for the 7 359 466 7 825 period FCTR release to income (4 054) (4 054) statement Foreign currency net investment and 1 52 (444) (392) cash flow hedging reserve Retained 2 3 earnings 110 504 8 289 (5 656) 113 137 Empowerment reserve and 4 treasury (2 570) 1 179 (1 391) shares Other 3 573 345 3 918 Total ordinary shareholders' 136 985 8 289 (8 164) 137 110 equity 1 Primarily comprises a release to the income statement relating to the disposal of the group’s 60% controlling interest in Standard Bank Plc (SB Plc) on 1 February 2015. 2 Included in earnings attributable to ordinary shareholders is approximately R3.1 billion of earnings excluded from headline earnings, the majority of which relates to the disposal of the group’s 60% controlling interest in SB Plc. This primarily comprises the release of R4.1 billion of the group’s FCTR to the income statement, which relates to historical foreign currency translation gains recognised on SB Plc’s net asset value, less the recognition of the remaining unrecognised loss on the disposal. 3 Primarily comprises the ordinary dividends declared in March 2015. 4 The reduction of the negative empowerment reserve is primarily due to the repayment of funding by Tutuwa participants following the expiry of the lock-in period on 31 December 2014. The information contained in this announcement has not been reviewed or reported on by the group's external auditors. Johannesburg 23 April 2015 Lead sponsor The Standard Bank of South Africa Limited Independent sponsor Deutsche Securities (SA) Proprietary Limited Namibian sponsor Simonis Storm Securities (Proprietary) Limited Date: 23/04/2015 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.