Standard Bank announces senior leadership changes 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” or “the Company”) STANDARD BANK ANNOUNCES SENIOR LEADERSHIP CHANGES Standard Bank Group today announced senior leadership changes to its Corporate & Investment Banking (CIB) division. Following the appointment of David Munro as Chief Executive Officer (CEO) of Liberty, Kenny Fihla, the current Deputy Chief Executive and Head of Client Coverage CIB, has been appointed as Chief Executive CIB, with immediate effect. Mr Fihla has been a key player in driving CIB’s growth and in managing key corporate clients across the continent and major financial centres around the globe. He has demonstrated his ability to consistently drive performance in his various leadership roles with CIB and his experience equips him well as he takes on his new position. Mr Fihla was previously the Chief Executive of Business Against Crime from 2003 to 2006 and prior to that held various leadership positions within the public sector. Sim Tshabalala, Chief Executive of the Standard Bank Group says, “These appointments demonstrate Standard Bank’s deep pool of expertise and our ability to integrate and optimise the deployment of our key talent.” Thabo Dloti, the current CEO of Liberty, is leaving Liberty following a difference of opinion with the Board on the immediate focus of the company at a time when the organisation is facing tough operational and environmental challenges. Mr Dloti believes that given this environment, alignment among key stakeholders is imperative to ensure the effective execution of the strategy required to drive the company forward. This alignment, coupled with the ability to act decisively, is in the best interests of the company and hence Mr Dloti is stepping aside. “Given Liberty’s importance as an institution to the Standard Bank Group, our ongoing priority is to enable the company to achieve its growth by focusing on a short-term recovery plan and a longer-term strategy to reinforce its competitiveness. Liberty remains a fundamentally sound business and Standard Bank is confident of Liberty’s long-term profitability, competitiveness and sustainability,” says Mr Tshabalala. Mr Tshabalala expressed his appreciation for the role David has played at CIB and wished David, Kenny and their respective teams’ success going forward. Johannesburg 30 May 2017 Lead Sponsor The Standard Bank of South Africa Limited Independent Sponsor Deutsche Securities (SA) Proprietary Limited Namibian sponsor Simonis Storm Securities (Proprietary) Limited Date: 30/05/2017 07:07:00 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.