Update on the group's performance for the four months to 30 April 2015 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”) Update on the group's performance for the four months to 30 April 2015 and capital adequacy, leverage ratio and liquidity coverage ratio disclosure at 31 March 2015 1. Update on the group's performance for the four months to 30 April 2015 At the annual general meeting to be held later today, group chief executives Sim Tshabalala and Ben Kruger will refer to this update regarding the group's performance for the first four months of 2015 in comparison with the equivalent period for 2014. Banking activities Group income growth, boosted by good non-interest income, has been satisfactory in spite of the challenging economic conditions in several of the markets across the African continent in which the group operates, particularly in Nigeria. Expense growth remains within expectations but slightly higher than income growth. The credit environment in South Africa has largely been stable despite the low growth environment. Group credit impairments for the four months to April 2015 are slightly lower than in the comparative period. In summary, the results of the group’s banking operations for the year to date are in line with the required growth to achieve the group’s medium term target for return on equity of 15% to 18%. Liberty Holdings Limited (“Liberty”) Shareholders are referred to the Liberty operational update on 21 May 2015 wherein, referring to the first quarter of 2015, the following comments were included: “The performance of the group for the three months to 31 March 2015 continues to broadly reflect the trends demonstrated in the previous financial year of improved operating earnings, positive momentum in retail insurance single premium investment new business sales and stable customer behaviour. Returns on the shareholder investment portfolio for the period were in line with the benchmark for 2015 and remain ahead of the three years’ cumulative benchmark.” 2. Basel III capital adequacy, leverage ratio and liquidity coverage ratio disclosure as at 31 March 2015 In terms of the requirements under Regulation 43(1)(e)(iii) of the regulations relating to banks and Directive 4/2014 issued in terms of section 6(6) of the Banks Act (Act No. 94 of 1990), minimum disclosure on the capital adequacy of the group and it's leverage ratio is required on a quarterly basis. This disclosure is in accordance with Pillar 3 of the Basel III accord. Standard Bank Group capital adequacy and leverage ratio March 2015 Rm Ordinary share capital and premium 18 067 Ordinary shareholders' reserves1 119 042 Qualifying common equity tier I non- controlling interest 5 013 Regulatory deductions against common equity tier I capital (34 809) Common equity tier I capital 107 313 Unappropriated Profit 15 838 Common equity tier 1 capital excluding unappropriated profit 91 475 Perpetual preference shares 3 847 Qualifying tier I non-controlling interest 208 Tier I capital excluding unappropriated 95 530 profit Tier II subordinated debt 18 614 General allowance for credit impairments 1 508 Tier II capital 20 122 Total qualifying capital excluding unappropriated profit 115 652 Total minimum regulatory capital requirement2 85 968 Credit Risk 63 557 Counterparty credit risk 1 643 Equity Risk 1 476 Market Risk 4 450 Operational Risk 12 184 Threshold items 2 658 Capital Adequacy Ratio (excl unappropriated profit) Total capital adequacy ratio (%) 13.5 Tier I capital adequacy ratio (%) 11.1 Common equity tier I capital adequacy ratio (%) 10.6 Capital Adequacy Ratio (incl unappropriated profit) Total capital adequacy ratio (%) 15.3 Tier I capital adequacy ratio (%) 13.0 Common equity tier I capital adequacy ratio (%) 12.5 Leverage ratio Tier I capital (excl unappropriated profit) 95 530 Tier I capital (incl unappropriated profit) 111 368 Total exposures 1 698 924 Leverage ratio (excl unappropriated profits) (%) 5.6 Leverage ratio (incl unappropriated profits) (%) 6.6 Note: 1 Including unappropriated profits. 2 The minimum capital requirement excludes any bank-specific capital requirement and is reported at 10%. The Standard Bank of South Africa Limited and its subsidiaries (“SBSA”) capital adequacy and leverage ratio March 2015 Rm Tier I capital1 59 181 Tier II capital 16 257 Total qualifying capital 75 438 Unappropriated Profit 4 856 Total minimum regulatory capital requirement2 55 132 Credit Risk 41 961 Counterparty credit risk 1 439 Equity Risk 1 243 Market Risk 2 837 Operational Risk 7 541 Threshold items 110 Capital Adequacy Ratio (excl unappropriated profit) Total capital adequacy ratio (%) 13.7 Tier I capital adequacy ratio (%) 10.7 Capital Adequacy Ratio (incl unappropriated profit) Total capital adequacy ratio (%) 14.6 Tier I capital adequacy ratio (%) 11.6 Leverage ratio Tier I capital (excl unappropriated profit) 59 181 Tier I capital (incl unappropriated profit) 64 037 Total exposures 1 210 017 Leverage ratio (excl unappropriated profits) (%) 4.9 Leverage ratio (incl unappropriated profits) (%) 5.3 Note: 1 Excluding unappropriated profits. 2 The minimum capital requirement excludes any bank-specific capital requirement and is reported at 10%. Liquidity coverage ratio disclosure In terms of the Basel III requirements in Directive 11/2014 issued in terms of section 6(6) of the Banks Act (Act No. 94 of 1990), minimum disclosure on the liquidity coverage ratio (LCR) of the group and the bank is required on a quarterly basis. This disclosure is in accordance with Pillar 3 of the Basel III liquidity accord. The LCR is designed to promote short-term resilience of the 1 month liquidity profile, by ensuring that banks have sufficient high quality liquid assets (HQLA) to meet potential outflows in a stressed environment. The LCR was phased in at 60% on 1 January 2015 and will increase by 10% each year to 100% on 1 January 2019. Standard Bank Standard Bank Group of South Consolidated Africa Solo 31 March 2015 31 March 2015 Rm Rm Total high quality liquid assets 152 888 107 942 Net cash outflows 173 351 135 551 LCR (%) 88.2 79.6 Minimum requirement (%) 60.0 60.0 Note: 1.Only banking and/or deposit taking entities are included and the group data represent an aggregation of the relevant individual net cash outflows and HQLA portfolios. 2.The above figures reflect the simple average of the month- end values at 31 January 2015, 28 February 2015 and 31 March 2015, based on the regulatory submissions to the SARB. The information contained in this announcement has not been reviewed by or reported on by the group's auditors. Johannesburg 28 May 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: 28/05/2015 08:00:00 Produced by the JSE SENS Department. 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