STANDARD BANK GROUP LIMITED - Announcement

Announcement

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”)

Standard Bank Group announcement

Shareholders of the Group are advised that on Monday 30 November 2015 the United Kingdom
(“UK”) Serious Fraud Office and Standard Bank Plc (now known as ICBC Standard Bank Plc) ("the
Bank") will appear before the Crown Court at Southwark, London (sitting in the Royal Courts of
Justice, London, UK) to seek approval for the terms of a Deferred Prosecution Agreement (“DPA”). A
DPA is an agreement between a prosecutor and a defendant whereby the prosecution of an alleged
offence is suspended for an agreed period of time and then withdrawn if during that time the
defendant complies with the terms of the agreement.

Aggregate agreed payments to be made by the Bank in order to resolve matters in relation to the
relevant events dating from 2012/13 are not expected to exceed US$40 million. Standard Bank Group
is not permitted to provide any further details prior to the approval hearing on 30 November 2015.

Under the terms of the completed transaction by which the Group sold 60% of the Bank’s ordinary
shares in issue to the Industrial and Commercial Bank of China Limited (“ICBC”), effective 1 February
2015, as set out in the circular to Standard Bank Group shareholders dated 24 February 2014, the
Group agreed to indemnify ICBC against the costs of such resolutions and accordingly the full cost of
such resolutions will be borne by the Group.

Johannesburg

26 November 2015

Lead sponsor
The Standard Bank of South Africa Limited

Independent sponsor
Deutsche Securities (SA) Proprietary Limited

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