STANDARD BANK GROUP LIMITED - Retirement and appointment of non-executive directors

Retirement and appointment of non-executive directors

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”)

RETIREMENT AND APPOINTMENT OF NON-EXECUTIVE DIRECTORS

In compliance with section 3.59 of the Listings Requirements of the JSE Limited, Standard
Bank Group announces the resignation of Dr Shu Gu (Joint Deputy Chairman) and Dr Wenbin
Wang as non-executive directors of the board of directors of the Company, with effect from 1
June 2017.

In their stead, the Company has appointed Dr Hao Hu (55) (Doctorate in Economics) and Mr
Lubin Wang (40) (Bachelor degree in Corporate Finance and Master’s degree in Accounting
and Finance) as non-executive directors. Dr Hao Hu has also been appointed as one of two
deputy chairmen of the Company, with effect from 1 June 2017.

These appointments are effected in terms of an agreement between the Group and Industrial
and Commercial Bank of China Limited (“ICBC”), a 20% shareholder in the Standard Bank
Group, wherein ICBC is entitled to nominate two non-executive directors for appointment to
the Board, one of whom serves as a senior deputy chairman.

Dr Hu and Mr Lubin Wang will also replace Dr Shu Gu and Dr Wenbin Wang as non-executive
directors on the board of The Standard Bank of South Africa Limited.

Dr Hao Hu is the Senior Executive Vice President of ICBC.

Mr Lubin Wang is the Chief Representative Officer of ICBC African Representative Office.
Standard Bank welcomes Dr Hao Hu and Mr Lubin Wang to the Group and further expresses
its appreciation to Dr Shu Gu and Dr Wenbin Wang for their contribution to the boards.

Johannesburg
31 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

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