Announcement of Group Financial Director Designate Standard Bank Group Limited (Incorporated in the Republic of South Africa) (Registration number 1969/017128/06) JSE share code: SBK ISIN: ZAE000109815 NSX share code: SNB NSX share code: SNB ZAE000109815 Announcement of Group Financial Director Designate Standard Bank Group (“SBG”) is pleased to announce Dr Arno Daehnke as Group Financial Director Designate. Arno will carry out the function of Chief Financial Officer of SBG with effect from 1 May 2016 to succeed Simon Ridley, who will retire from the group on 30 April 2016, having reached the group’s executive retirement age. Arno holds an M.Sc and a Ph.D in various fields of applied mathematics and an MBA focused on value-at-risk applications in financial institutions. He has held the position as Head of SBG’s Treasury and Capital Management function since 2010 and has extensive experience in key financial aspects in which the group operates, particularly financial planning under varying macro-economic scenarios, managing a complex banking group balance sheet in volatile financial markets and a deep understanding of both local and international bank regulatory frameworks. The board wishes Arno all the best in his future position and is confident that with his skills and experience, he will meet the demanding requirements of this position. Johannesburg 20 January 2016 Sponsor The Standard Bank of South Africa Limited Independent sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 20/01/2016 10:00:00 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.