Directors' dealing announcement STANDARD BANK GROUP LIMITED Incorporated in the Republic of South Africa Registration number 1969/017128/06 JSE Share code: SBK Namibian Share Code: SNB ISIN: ZAE000109815 (“Standard Bank Group”) DIRECTORS AND OFFICERS DEALINGS IN SECURITIES In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: Director: Mr. BJ Kruger Name of company: Standard Bank Group Limited 1. Date of Transaction: 2017-10-02 Nature of Transaction: Automatic vesting and exercise of 42 878 units in the Standard Bank Deferred Bonus Scheme 2012. After subtracting tax, this resulted in the delivery of 23 584 Standard Bank Group ordinary shares. Number of shares: 23 584 Class of securities: Standard Bank Group ordinary shares Share Price: R157.81 Value of Transaction: R3 721 791.04 Nature of Interest: Direct beneficial 2. Date of Transaction: 2017-10-03 Nature of Transaction: Exercise of 100 000 Participation Rights awarded in the Standard Bank Equity Growth Scheme on 2010-03-05: Award Price = R111.94 Exercise Price = R157.90 Gain = R45.96 per right. After subtracting tax, this resulted in delivery of 20,410 Standard Bank Group ordinary shares. Nature of Interest: Direct beneficial 3. Date of Transaction: 2017-10-03 Nature of Transaction: Exercise of 25 000 Participation Rights awarded in the Standard Bank Equity Growth Scheme on 2011-03-04: Award Price = R98.80 Exercise Price = R157.90 Gain = R59.10 per right. After subtracting tax, this resulted in delivery of 5,175 Standard Bank Group ordinary shares. Nature of Interest: Direct beneficial 4. Date of Transaction: 2017-10-03 Nature of Transaction: Exercise of 61 471 Participation Rights awarded in the Standard Bank Equity Growth Scheme on 2012-03-08: Award Price = R108.90 Exercise Price = R157.90 Gain = R49.00 per right. After subtracting tax, this resulted in delivery of 12,403 Standard Bank Group ordinary shares. Nature of Interest: Direct beneficial 5. Date of Transaction: 2017-10-03 Nature of Transaction: Exercise of 37 729 Participation Rights awarded in the Standard Bank Equity Growth Scheme on 2013-03-07: Award Price = R115.51 Exercise Price = R157.90 Gain = R42.39 per right. After subtracting tax, this resulted in delivery of 7,500 Standard Bank Group ordinary shares. Nature of Interest: Direct beneficial 6. Date of Transaction: 2017-10-03 Nature of Transaction: Resulting from the transactions disclosed in paragraphs 2 - 5 above, Mr. Kruger sold the 45,488 ordinary Shares at a price of R158.19 per share. Value of Transaction: R7,195,746.72 Nature of Interest: Direct beneficial Director: Mr. SK Tshabalala Name of company: Standard Bank Group Limited 7. Date of Transaction: 2017-10-02 Nature of Transaction: Automatic vesting and exercise of 78 546 units in the Standard Bank Deferred Bonus Scheme 2012. After subtracting tax, this resulted in the delivery of 43 202 Standard Bank Group ordinary shares. Number of shares: 43 202 Class of securities: Standard Bank Group ordinary shares Share Price: R157.81 Value of Transaction: R6 817 707.62 Nature of Interest: Direct beneficial Director: Dr. A Daehnke Name of company: Standard Bank Group Limited 8. Date of Transaction: 2017-10-02 Nature of Transaction: Automatic vesting and exercise of 34 762 units in the Standard Bank Deferred Bonus Scheme 2012. After subtracting tax, this resulted in the delivery of 19 120 Standard Bank Group ordinary shares. Number of shares: 19 120 Class of securities: Standard Bank Group ordinary shares Share Price: R157.81 Value of Transaction: R3 017 327.20 Nature of Interest: Direct beneficial Non-Executive Director: Mr. JH Maree Name of company: Standard Bank Group Limited 9. Date of Transaction: 2017-10-02 Nature of Transaction: Automatic vesting and exercise of 10 354 units in the Standard Bank Deferred Bonus Scheme 2012. After subtracting tax, this resulted in the delivery of 5 695 Standard Bank Group ordinary shares. Number of shares: 5 695 Class of securities: Standard Bank Group ordinary shares Share Price: R157.81 Value of Transaction: R898 727.95 Nature of Interest: Direct beneficial Group Secretary: Ms. Z Stephen Name of company: Standard Bank Group Limited 10. Date of Transaction: 2017-10-02 Nature of Transaction: Automatic vesting and exercise of 10 585 units in the Standard Bank Deferred Bonus Scheme 2012. After subtracting tax, this resulted in the delivery of 5 824 Standard Bank Group ordinary shares. Number of shares: 5 824 Class of securities: Standard Bank Group ordinary shares Share Price: R157.81 Value of Transaction: R 919 085.44 Nature of Interest: Direct beneficial Associates of Directors: Name of Associate: Ms. S Brugman Director: Dr. A Daehnke Name of company: Standard Bank Group Limited 11. Date of Transaction: 2017-10-02 Nature of Transaction: Automatic vesting and exercise of 49 705 units in the Standard Bank Deferred Bonus Scheme 2012. After subtracting tax, this resulted in the delivery of 27 339 Standard Bank Group ordinary shares. Number of shares: 27 339 Class of securities: Standard Bank Group ordinary shares Share Price: R157.81 Value of Transaction: R4 314 367.59 Nature of Interest: Direct beneficial 12. Date of Transaction: 2017-10-05 Nature of transaction: Disposal of 30,000 Standard Bank Group Limited ordinary shares Number of shares: 30,000 Price per share: R161.28 Value of this transaction: R4,838,400.00 Nature of interest: Direct beneficial The above transactions were done on market and clearance to deal was provided. Lead sponsor The Standard Bank of South Africa Limited Independent sponsor Deutsche Securities (SA) Proprietary Limited Namibian sponsor Simonis Storm Securities (Proprietary) Limited 05 October 2017 Date: 05/10/2017 05:00:00 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. 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